Forty-five families from Calamba, Laguna are now rightful landowners after receiving their transfer certificates of title from the Social Housing Finance Corporation (SHFC) on May 17.
The new title holders are Unlad Pabahay sa Bañadero Phase 1 Homeowners’ Association, Inc. members who have fulfilled their loan obligations with SHFC, a key shelter agency under the Department of Human Settlements and Urban Development.
The awarding ceremony, held at the Jose Rizal Memorial School in Calamba, was led by SHFC Mega Manila II Vice President Josefina Banglagan and Vice Mayor Angelito Lazaro, Jr. Banglagan, who was representing SHFC President and CEO Federico Laxa in the ceremony, said the occasion marked a significant milestone for the community.
The title awardees are now part of about 400,000 families who have attained land tenure security through the Community Mortgage Program (CMP), which lends funds to legally organized informal settlers to acquire privately owned land that they have been occupying.
Aside from the CMP, SHFC implements the Pambansang Pabahay Para sa Pilipino Housing (4PH) Program of President Ferdinand Marcos, Jr. This shelter initiative seeks to address the 6.5 million housing gap in the country.
