Vice President Jejomar C. Binay said the government’s key shelter agencies (KSAs) have donated P3.6 milllion for the purchase of relief goods for the victims of Typhoon Pablo in Mindanao.
The initial amount is composed of donations by the Home Guaranty Corporation (HGC) (P1.3 million), Home Development Mutual Fund (HDMF or Pag-IBIG) (P1.2 million), National Housing Authority (NHA) (P500,000), Social Housing Finance Corporation (SHFC) (P500,000), and National Home Mortgage Finance Corporation (NHMFC) (P100,000).
Binay, the Chairman of the Housing and Urban Development Coordinating Council (HUDCC) which oversees all KSAs, also instructed the agencies to organize relief drives for those affected by the typhoon.
“The KSAs will distribute the goods directly to the beneficiaries, in coordination with the concerned provincial governments to ensure equitable distribution of the goods among all affected communities,” the housing czar said.
The Vice President added that the relief goods are expected to be distributed to the victims who are still in evacuation centers in Tagum, Panabo, Island Garden City of Samal in Davao del Norte; Mati, Samal, Cateel, Bagangga, Boston, Tarragona, Caraga, and Manay in Davao Oriental; and Monkayo and New Bataan in Compostela Valley.
The KSAs previously imposed a moratorium on housing loan payments of affected members to ease the burden of the victims.
Pag-IBIG, NHA and HGC imposed a three-month moratorium, while SHFC and NHMF imposed six.
During this period, housing loan borrowers need not pay their monthly amortization and no penalties will be imposed on them.