Presented by : FLORENCIO R. CARANDANG JR. Social Housing Finance Corporation Workshop on Housing Finance, 26-29 June 2011, Corporate Nuhkt Resort Hotel,

Presented by :

FLORENCIO R. CARANDANG JR.

Social Housing Finance Corporation

Workshop on Housing Finance, 26-29 June 2011, Corporate Nuhkt Resort Hotel, Ulaanbaatar City, Mongolia

PHILIPPINES:

Some Facts

PHILIPPINES

PHILIPPINES

Population (2010 est.):94 million (2010 est.)18.8 million families (HH)

Poverty (2009):26.5%, 24.9 M20.9 %, 3.9 M

HOUSING NEED5.7 M units (2016)3.7 M units (2010), 800k provided

3.8% of HH pop in informal settlements (714k)

5.65% of urban HH in informal settlements (74k)

PHILIPPINES HOUSING SITUATIONfor Poor

Philippine government housing interventions for the bottom 30% of the population

Housing interventions: resettlement and security of tenure

But, barely 1% of the national budget allocated to housing

URBAN POOR PROGRAM – COMMUNITY MORTGAGE PROGRAM

COMMUNITY MORTGAGE PROGRAM(Who are the beneficiaries?)

The homeless and the underprivileged families – the poor

COMMUNITY MORTGAGE PROGRAM(Who are the beneficiaries?)

The homeless and the underprivileged families – the poor

COMMUNITY MORTGAGE PROGRAM(Who are the beneficiaries?)

The homeless and the underprivileged families – the poor

COMMUNITY MORTGAGE PROGRAM(Who are the beneficiaries?)

The homeless and the underprivileged families – the poor

COMMUNITY MORTGAGE PROGRAM

Government funded program – anti-poverty program

For the homeless and the underprivileged communities in urban and urbanizable areas

Financial assistance (loan) to purchase the land they are presently occupying

LOAN DETAILS

25 years to pay

6% interest

Community loan but can be individualized titles

COMMUNITY MORTGAGE PROGRAM(Pictures of Projects)

COMMUNITY MORTGAGE PROGRAM(Pictures of Projects)

COMMUNITY MORTGAGE PROGRAM(Pictures of Projects)

COMMUNITY MORTGAGE PROGRAM(Pictures of Projects)

COMMUNITY MORTGAGE PROGRAM(Highlights of accomplishment)

Since 1989, collection efficiency 76%, latest 12 months – 85%

Community members lives were transformed:

- confident in their ways

- pursue self-improvement – education, income generating activities, became health conscious

SOME THOUGHTS ABOUT THE CMP

Poverty is not permanent

Provision of housing/shelter security aids poverty reduction

Poverty is everybody’s business (government, private sector and including the poor themselves)

“Alone we can accomplish little…together we can do so much!”