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Saturday, November 23, 2024

SHFC grants 1-month moratorium on payments

The Social Housing Finance Corp. (SHFC) granted a one-month moratorium on monthly payments for beneficiaries affected by Typhoon Carina.

This followed a call from Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Rizalino Acuzar to help the typhoon victims.

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As part of DHSUD’s disaster response effort to President Ferdinand Marcos, Jr.’s directive to extend all necessary assistance to those impacted by the typhoon, Secretary Acuzar issued a memorandum ordering key shelter agencies (KSAs), including SHFC, to grant a one-month payment moratorium for areas severely affected by the typhoon.

SHFC Memorandum Circular No. 24-068 indicates the prescribed guidelines and procedures for the implementation of the moratorium. The circular covers a one-month moratorium from Aug. 1 to 31, 2024, and applies to identified and qualified member-beneficiaries.

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