Key Housing Agencies

(2018)

Prepared by Adrian R. Toisa

 Home Development Mutual Fund aka Pag-IBIG

Pag-IBIG is an acronym which stands for Pagtutulungan sa Kinabukasan:

Ikaw, Bangko, Industria at Gobyerno. In effect, Pag-IBIG harnesses these
four sectors of our society to provide its members with adequate housing
through as effective savings scheme.

COVERAGE
These guidelines shall cover the development and construction of low cost
housing units in Metro Manila and highly urbanized cities, and socialized
housing units in the provinces by Pag-IBIG Fund.
 Home Development Mutual Fund aka Pag-IBIG

OBJECTIVES
•To provide low-cost and socialized house and lot
packages/condominium units either for rent or for sale to low income Pag-
IBIG members who cannot afford the housing packages available in the
market.

•To enable Pag-IBIG Fund to perform its mandate by using its funds to
provide decent and affordable condominium units as well as house and
lot packages for sale to eligible Pag-IBIG Fund members nationwide.

•To stimulate competition that will bring about better housing packages in
terms of price and development that will redound to the benefit not only
of Pag-IBIG Fund members but also of the public in general.

•To help solve the housing backlog by generating further demand for
housing through the provision of affordable condominium units and house
and lot packages.
 Home Development Mutual Fund aka Pag-IBIG

OBJECTIVES
•To equitably distribute nationwide economic opportunities generated
from housing production, and in the process, stimulate stability brought
about by economic development.

•To provide an opportunity for Local Government Units (LGUs) to comply

with R.A. 7279 by identifying and providing land for socialized housing.

•To simplify and facilitate the processing of end-user financing for eligible
Pag-IBIG Fund members, given that the projects are owned by Pag-IBIG
Fund.

•To develop further sense of ownership, pride and confidence among

members of the Fund, knowing fully well that the projects being
constructed are direct investments made from their savings with the
institution.
 Home Development Mutual Fund aka Pag-IBIG

OBJECTIVES

•To generate more membership to Pag-IBIG Fund.

•To develop and dispose acquired properties of the Fund.

 Home Guaranty Corporation

The Home Guaranty Corporation (HGC) is a government-owned and

controlled corporation (GOCC) under the administrative supervision of the
Housing and Urban Development Coordinating Council (HUDCC).

Since its creation in 1950 as the Home Financing Commission, HGC has
institutionalized a viable system of credit guaranties that has become an
integral component of the government’s shelter program.
VISION
Improved private HGC takes the risk out of private investment in housing by providing risk
sector participation covers and fiscal incentives to housing credits extended by developers,
in addressing the banks and other financing institutions. The more HGC guarantees—the
Nation's housing more private funds flow for housing and urban development.
needs
through a viable With the enactment of Republic Act No. 8763, or the Home Guaranty
system of credit Corporation Act of 2000, the authorized capital of HGC was increased
guarantees from P2.5 billion to P50 billion and its corporate life extended to another 50
years.
 Home Guaranty Corporation

FACTS

1) The HGC operates under the Housing and Urban Development

Coordinating Council

The HGC is a key shelter agency under the supervision of the Housing and
Urban Development Coordinating Council (HUDCC) now chaired by Vice
MISSION President Leni Robredo.
To mobilize
resources for Accompanying the HGC under the HUDCC umbrella are the following:
housing through a National Housing Authority (NHA)
system of credit National Home Mortgage and Finance Corporation (NHMFC)
guarantees and Housing and Land Use Regulatory Board (HLURB)
incentives Social Housing and Finance Corporation (SHFC)
Home Development Mutual Fund (HDMF) or more commonly known as the
Pag-IBIG Fund.
 Home Guaranty Corporation

FACTS

2) Extending guaranty lines to lenders

While housing agencies such as the aforementioned Pag-IBIG Fund and

NHMFC directly lend money to housing developers and borrowers, the
HGC extends guaranty lines to lenders, encouraging these financial
institutions to lend to individual homebuyers and housing developers.

HGC’s clientele include banks, building and loan associations, investment

houses, trust companies, insurance companies, lending institutions,
cooperatives, microfinance entities, and housing developers that
specialize in funding homebuyers and housing developments.
 Home Guaranty Corporation

FACTS

3) Offers three guaranty programs

A. Developmental Loan Guaranty

This covers loans extended to developers for the development of
subdivisions, townhouses, dormitories, apartments, and other residential
dwellings.

B. Retail Loan Guaranty

This covers loans and credit facilities extended for the purchase or
acquisition of single-family residences.

C. Guaranty for Securitization Schemes

This provides guaranty cover on securities or the financial instruments
issued to raise funds for housing. It can also guaranty the mortgage
receivables backing up said securities.
 Home Guaranty Corporation

MANDATES

To guarantee the payment of any and all forms of mortgages, loans and
other forms of credit facilities and receivables arising from financial
contracts exclusively for residential purposes and the necessary support
facilities (provided they have been issued HGC Guarantees);

To assist private developers to undertake socialized, low and medium cost

mass housing projects by encouraging private funds to finance such
housing projects through a viable system of long-term mortgages,
guaranties and other incentives;

To promote homebuilding and landownership, giving primary preference

to the homeless and underprivileged sectors of the society;

To promote housing by the aided self-help method;

 Home Guaranty Corporation

MANDATES

To pursue the development and sustainability of a secondary mortgage

market for housing.
Republic Act No. 8763 (2000)

To administer the Cash Flow Guaranty System of the Abot-Kaya Pabahay

Fund.
Republic Act No. 6846 (1990)
Social Housing Support Fund Act
(Abot Kaya Pabahay Fund Act)

To supervise and regulate building and loan associations.

Republic Act No. 8763 (2000)
Republic Act No. 8791 (2000)
General Banking Law
 Housing and Land Use Regulatory Board

VISION
An institution of professionals exemplifying public service with responsibility,
integrity, competence and justice geared towards the attainment of well-
planned and sustainable communities through the regulation of land use,
housing development and homeowners associations, and the just
resolution of disputes..

MISSION
To promulgate and enforce policies on land use, housing and
homeowners associations which promote inclusive growth and economic
advancement, social justice and environmental protection for the
equitable distribution and enjoyment of development benefits.

QUALITY POLICY
The HLURB, as the lead agency in the provision of technical assistance to
local government units in the preparation of comprehensive land use
plans; regulation of housing, land development and homeowners
association; and adjudications of disputes related thereto, is committed to
deliver its services with competence and integrity in order to satisfy its
stakeholder.
 Housing and Land Use Regulatory Board

MANDATES

1. PLANNING : (EO 648; EO 72; RA 7279)

 Formulate guidelines for Comprehensive Land Use Plans (CLUPs)

 Render technical assistance to LGU’s in CLUP preparation and to
members of Provincial Land Use Committee (PLUC) and Regional Land
Use Committee (RLUC) in CLUP Review.
 Review and ratify CLUPs of highly urbanized cities (HUCs) and
independent component cities (ICCs) and review CLUPs of Metro
Manila
 Update and revise the National Urban Development and Housing
Framework under the direction of HUDCC
 Train LGUs in subdivision plan approval and zoning enforcement
 Housing and Land Use Regulatory Board

MANDATES

2. REGULATION: (EO 648; EO 90; EO 71; EO 72; PD 957, 1216, 1344; BP 220;
RA 7899; RA 9904; RA8763 (Sec.26));

 Register and license subdivision and condominium projects, farm lots,

memorial parks and columbaria.
 Monitor development and construction of registered/licensed projects.
 Update and revise rules, guidelines and standards on housing and real
estate.
 Approve Master Deed and Declaration of Restrictions of condominium
project, and any amendment or revocation thereof decided upon by a
simple majority of all registered owners (concurrently with City or
Municipal Engineer).
 Issue Locational Clearances for projects considered to be of vital and
National or Regional Economic or Environmental significance.
 Register and supervise HOAs.
 Register real estate brokers, dealers and salesmen engaged in selling
projects under HLURB jurisdiction.
 Housing and Land Use Regulatory Board

MANDATES

3. ADJUDICATION: (EO 648; RA 9904, 8763 (Sec. 26))

 Disputes between subdivision lot or condominium unit buyer and

developer.
 Intra- and Inter-Homeowners associations disputes.
 Appeals from decisions of local zoning bodies.
 National Housing Authority

Agency Classification:
Government-owned and -controlled corporation under the administrative
supervision of the Housing and Urban Development Coordinating Council
and classified under the Infrastructure Utilities Group.

Mission
We provide decent, adequate, and affordable housing to low-income
families, ensure the provision of community facilities, utilities, and access to
social services and economic opportunities.

Vision
By 2019, NHA would have provided 50% of the housing needs for homeless
low-income families (based on the 2011 census) primarily those living in
waterways, danger areas, and government infrastructure project sites in
Metro Manila and all regions nationwide.

Charter
Presidential Decree No. 757 dated 31 July 1975.
 National Housing Authority

Mandates:

Under PD 757 dated 31 July 1975. NHA was tasked to develop and
implement a comprehensive and integrated housing program which shall
embrace, among others, housing development and resettlement, sources
and schemes of financing, and delineation of government and private
sector participation.

Under EO 90 dated 17 December 1986. NHA was mandated as the sole

national government agency to engage in shelter production focusing on
the housing needs of the lowest 30% of the urban population.

Under RA 7279 (UDHA) dated 24 March 1992. NHA was tasked to provide
technical and other forms of assistance to local government units (LGUs) in
the implementation of their housing programs; to undertake identification,
acquisition and disposition of lands for socialized housing; and to
undertake relocation and resettlement of families with local government
units.
 National Housing Authority

Mandates:

Under RA 7835 (CISFA) dated 08 December 1994. NHA was tasked with the
implementation of the following components of the National Shelter
Program - the Resettlement Program, Medium Rise Public and Private
Housing, Cost Recoverable Programs and the Local Housing Program.

Under EO 195 dated 31 December 1999. NHA was mandated to focus on

sociliazed housing through the development and implementation of a
comprehensive and integrated housing development and resettlement;
fasttracking the determination and development of government lands
suitable for housing; and ensuring the sustainability of socialized housing
funds by improving its collection efficiency, among others.
 National Housing Authority

Governing Board:

Chairman: Chairman, Housing and Urban Development Coordinating

Council

Members: The Executive Secretary - Office of the President

Director-General - National Economic and Development Authority
Secretary - Department of Public Works and Highways
Secretary - Department of Finance
Secretary - Department of Labor and Employment
Secretary - Department of Trade and Industry
General Manager - National Housing Authority

Manpower Complement as of 31 December 2015 Updated: 26 January

2016
No. of employees – 1,139
 National Housing Authority

Authorize Capitalization
PD 757 (1975) - 500 Million Pesos
PD 1430 (1978) - increased to 2 Billion Pesos
PD 1924 (1984) - increased to 5 Billion Pesos

Financial condition as of 31 December 2015

Updated February 2016
Net income after subsidy - 11.034 Billion Pesos
Total assets - 105.089 Billion Pesos
Total liability - 15.687 Billion Pesos
Equity - 84.402 Billion Pesos
 National Home Mortgage Finance Corporation

 One of the key shelter agencies in the country, is the major Secondary
(government) Mortgage Institution (SMI)

 Mandated to accelerate the recycling of funds in the housing sector

through the purchase of mortgages from developers, banks and other
home lending institutions to serve as asset pool for future securitization.

 With the primary purpose of attracting long term investments through

the issuance of housing bonds or other securities in order to increase
liquidity in the housing sector and to purchase residential loans
/mortgages /receivables originated by both public and private
institutions and developers that are within government-approved
standards.

Quality Policy Statement

 Provide liquidity to partners and clientele through Securitization of Loan
Mortgages
 Deliver adequate assistance to its clientele and borrowers
 Sustain value-driven alliance with its partners
 National Home Mortgage Finance Corporation

Core Values
NHMFC shall at all times be accountable to the people and shall
discharge its mandate with utmost responsibility, integrity and
competence.

Corporate Goals and Objectives

 Provide liquidity to the housing sector through securitization of
mortgages/assets.
 Promote stability to the housing finance system through participation in
the capital market.
 Establish an efficient and effective organization with a professional
workforce utilizing best practices.
 Maintain efficiency in operation and efficacy in financial management
to ensure sustainability of its programs.
 Manage its subsidiaries efficiently and effectively.
 National Home Mortgage Finance Corporation

Housing Loan Receivables Purchase Program (HLRPP)

HLRPP is the new program of NHMFC which aims to purchase valid
loans/mortgages/receivables from the originating institutions. The
originating institution shall ensure that all requirements pertaining to these
loans/mortgages/receivables are in order, for them to be able to sell such
mortgages to NHMFC. Backed up by these loans/ mortgages/
receivables/ bonds/security papers are issued for sale or traded in the
market through securitization.

Who may apply HLRPP?

1) Housing developers
2) Government Financing Institutions
3) Banks
4) Cooperatives
5) Corporate employers with housing program

Read more about HLRPP here:

http://www.nhmfc.gov.ph/hlrpp/downloadableforms/hlrppfacts/fastfactsonhousingloanreceivablespurchaseprogram.pdf
 Social Housing Finance Corporation

The Social Housing Finance Corporation (SHFC) was created through

Executive Order No. 272 (E.O.272), which directs the transfer of the
Community Mortgage Program (CMP), Abot Kaya Pabahay Fund (AKPF)
Program, and other social housing powers and functions of the National
Home Mortgage Finance Corporation to the SHFC.

Mandate
Under E.O. 272, the SHFC shall be the lead government agency to
undertake social housing programs that will cater to the formal and
informal sectors in the low-income bracket and shall take charge of
developing and administering social housing program schemes,
particularly the CMP and the AKPF Program (amortization support program
and development financing program).
 Social Housing Finance Corporation

Vision
By 2020, SHFC shall have provided 530,000 organized homeless and low-
income families with Flexible, Affordable, Innovative, and Responsive
(FAIR) shelter solutions to their housing needs.

Mission
We empower and uplift the living conditions of underprivileged
communities by Building Adequate Livable Affordable and Inclusive
(BALAI) Filipino Communities through provision of FAIR shelter solutions in
strong partnerships with the national and local government, as well as the
civil society organizations and the private sector to support the
underprivileged communities.
 Social Housing Finance Corporation

Core Values

Servant Leadership - Institutionalizing a culture of leadership that

recognizes the role of government employees as public servants

Professionalism - Promoting the highest standards for individual and

corporate performance

Accountability - Setting and implementing performance standards that

are clear and understandable to the public

Integrity - Keeping high ethical standards at the corporate and individual

level

Stewardship - Putting premium to sustainability and the judicious and

proper use of internal resources

Excellence - Upholding the virtue of excellence in every activity

 Social Housing Finance Corporation

Historical Background

20 January 2004 - Signing of Executive Order 272 authorizing the creation

of SHFC

21 June 2005 - Approval of SHFC registration to the Securities and

Exchange Commission (SEC)

03 October 2005 - Appointment of Atty. Fermin T. Arzaga as the new SHFC

President

24 October 2005 - SHFC Inauguration and First Board Meeting

03 November 2005 - Execution of Memorandum and Trust Agreements

between NHMFC and SHFC

22 January 2007 - Transfer of SHFC to its corporate office at the Paseo de

Roxas Avenue, Makati City
 Social Housing Finance Corporation

Historical Background

27 July 2007 - Creation of the Localized Community Mortgage Program

(LCMP)

25 January 2011 - Appointment of Ms. Ma. Ana R. Oliveros as the new

SHFC President

16 May 2011 - Approval of the Revised CMP Guidelines

17 May 2011 - Awarding of the first taken-out project under the LCMP
(Sunrise HOA, IGACOS)
 Social Housing Finance Corporation

STRATEGY MAP
REFERENCES

http://www.hudcc.gov.ph/content/attached-agencies
http://www.shfcph.com/
http://www.nhmfc.gov.ph/
http://www.nha.gov.ph/
http://hlurb.gov.ph/
http://www.hgc.gov.ph/
http://www.pagibigfund.gov.ph/