Social Housing Finance Corporation (SHFC) has teamed up with the local government of Alfonso, Cavite for the construction of a socialized housing project under the agency’s flagship scheme, the Community Mortgage Program (CMP).

The initiative was a product of the memorandum of understanding signed by SHFC Cavite Branch OIC-Manager Amando Mendoza and Mayor Randy Salamat on May 4.

To be called RS Ville, the project in Barangay Taywanak Ibaba is expected to provide secured homes to a total of 1,200 families from the municipality. The one-story rowhouses will be offered exclusively for legitimate Alfonso residents. Beneficiaries can choose between a 36sqm or a 40sqm-model, which they will pay monthly for 25 years.

Salamat expressed optimism that the project will help address the housing needs of his constituents. “Nakakatuwang isipin na katuwang ng bawat Alfonsen~o ang ating pamahalaan upang matupad ang kanilang mga pangarap sa buhay. Mithiin ko na po ito para sa kanila at ngayon po ay hindi na ito ‘drawing’ dahil talagang matutupad na,” he said.

In the light of the COVID-19 pandemic, SHFC continues with the provision of adequate housing, which has become even more crucial now given that viruses spread fast in congested informal settlements. It has provided security of tenure to more than 420,000 families through about P25 billion in total loan assistance since 1989.