SHFC Annual Stockholders Meeting highlights corporate milestones achieved under 4PH

Published on 25 June 2024

SHFC HEAD OFFICE, MAKATI CITY – The Social Housing Finance Corporation (SHFC) held its Annual Stockholders Meeting on Monday, June 24. During the meeting, stakeholders reviewed the corporation’s achievements over the past year. Undersecretary Lyle Niño Pasco representing the Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar, chaired the meeting alongside SHFC President and Chief Executive Officer (CEO) Federico Laxa, who also serves as Vice Chairperson of the Board of Directors (BOD).

Reports from the SHFC Top Management highlighted the achievements presented in the updates, indicating the progress of the corporation’s ongoing projects under the Pambansang Pabahay para sa Pilipino Housing (4PH) Program. SHFC Executive Vice President Atty. Junefe Payot reported that in the past year, the corporation has ventured into building a total of 111 projects in its pipeline, which are expected to yield more than 505,000 housing units. In July last year, President Ferdinand Marcos, Jr. inspected one of 12 ongoing 4PH projects located in San Fernando City, Pampanga.

In terms of policy-making and management, the corporation has exhibited its dedication to building new sustainable communities by implementing innovative urban development concepts in its operations, strictly ensuring that green and open living spaces are incorporated into all pipelined projects’ architecture. Meanwhile in 2023, SHFC received the GADtimpala Silver Award from the Philippine Commission on Women for its consistent efforts to promote gender inclusivity in communities and the workplace.

Despite facing financial challenges at the height of the pandemic, SHFC has managed to bounce back from a negative bottom line and maintain a positive and improving fiscal situation since 2021. Additionally, the Management received an unmodified opinion from the Commission on Audit for the latest fiscal year. This recognition indicates that the agency’s financial statements were presented fairly, following applicable financial reporting frameworks.

As a government-owned and controlled corporation with special mandates as a key shelter agency, SHFC has also submitted to the Governance Commission on GOCCs a recalibrated set of targets to align with the challenges and opportunities presented by the new National Shelter Program. In conclusion, shareholders elected the set of BOD nominated by Atty. Joshua Emmanuel Cariño representing Board Member and National Home Mortgage Finance Corporation President and CEO Renato Tobias.