+ Follow HOUSING SECRETARY MICHAEL T Tag
HOUSING SECRETARY MICHAEL T
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[results] => Array
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(
[ArticleID] => 231459
[Title] => HUDCC sees housing loans at P600M
[Summary] => Informal settlers nationwide have availed of a total of P529.4 million in six percent interest bearing loans during the first 10 months of the year under the government’s Community Mortgage Program (CMP) to realize their ownership of the lands they are occupying and for housing site development.
Housing Secretary Michael T. Defensor, chairman of the Housing and Urban Development Coordinating Council (HUDCC) cited in a report that loan releases for the year could easily reach or even exceed the landmark level of P600 million.
[DatePublished] => 2003-12-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[1] => Array
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[ArticleID] => 228024
[Title] => Low-end developers laud gov’t housing measures
[Summary] => Private developers of socialized and low-cost housing subdivisions have welcomed recent measures undertaken by the government aimed at spurring housing delivery.
In a press statement, Organization of Socialized Housing Developers of the Philippines (OSHDP) president Wilfredo Tan cited the Housing and Land Use Regulatory Board’s (HLURB) new policy that would expedite the issuance of license to sell and registration certificate for a housing project, by virtually doing sway with the required land Conversion Order from the Department of Agrarian Reform (DAR).
[DatePublished] => 2003-11-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[2] => Array
(
[ArticleID] => 226300
[Title] => Low-end developers cite gov’t housing measures
[Summary] => Private developers of socialized and low-cost housing subdivisions have welcomed recent measures undertaken by the government aimed at spurring housing delivery.
In a press statement, Organization of Socialized Housing Developers of the Philippines (OSHDP) president, Wilfredo Tan cited the Housing and Land Use Regulatory Board’s (HLURB) new policy that would expedite the issuance of License to Sell and Registration Certificate for a housing project, by virtually doing away with the required land Conversion Order from the Department of Agrarian Reform (DAR).
[DatePublished] => 2003-11-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[3] => Array
(
[ArticleID] => 223020
[Title] => NHMFC eyes P500-M budget for informal housing loans
[Summary] => The National Home Mortgage Finance Corp. (NHMFC) is eyeing some P500 million in subsidy for next year from the National Government, as budgetary appropriation to fund its Community Mortgage Program (CMP) and meet the home financing requirements of some 10,000 informal settlers.
Angelico T. Salud, NHMFC president, said that this is part of the P2.736-billion total budget proposal for the housing agencies submitted by Housing Secretary Michael T. Defensor for 2004 that would translate to the production of some 79,729 shelter security units.
[DatePublished] => 2003-10-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[4] => Array
(
[ArticleID] => 214203
[Title] => Home loans to informal settlers hit P1B
[Summary] => Micro-finance loans for housing granted by the National Home Mortgage Finance Corp. (NHMFC) during the last two and a half years under its Community Mortgage Program (CMP) have breached the P1-billion mark, the biggest cumulative loan amount granted for an equivalent period during the 14.5 years of implementation of the home financing program for the informal settlers.
[DatePublished] => 2003-07-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[5] => Array
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[ArticleID] => 198119
[Title] => NHMFC extends deadline for waiver of loan penalty
[Summary] => Delinquent housing loan borrowers of the National Home Mortgage Finance Corp. (NHMFC) may still have their loan penalties waived up to Dec. 31 this year should they either fully pay, update loan arrearages or refinance their accounts, it was announced by lawyer Angelico T. Salud, NHMFC president.
[DatePublished] => 2003-03-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[6] => Array
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[ArticleID] => 195482
[Title] => CMP loans to urban poor hit P156-M
[Summary] => Local government units, accredited by the National Home Mortgage Finance Corp. (NHMFC) as loan originators or conduits have assisted homeowners’ associations of informal settlers in availing themselves last year of some P155.6 million in loans under the Community Mortgage Program (CMP) to assure their land tenure security and housing requirements.
[DatePublished] => 2003-02-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[7] => Array
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[ArticleID] => 193070
[Title] => EO lowering housing loan rates out soon
[Summary] => President Arroyo is expected to issue an executive order that would effectively lower lending rates for housing loans issued by the Home Development Mutual Fund (HDMF or more popularly known as the Pag-Ibig Fund).
The EO would also hasten the development of the secondary mortgage market that could raise funds of up to P25 billion for the so-called formal housing sector.
[DatePublished] => 2003-01-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 190653
[Title] => GMA orders government banks to cut rates on housing loans
[Summary] => President Arroyo has ordered state-owned banks to cut their lending rates for low and medium cost housing by three percentage points to six percent, her spokesman said yesterday.
"The President has ordered government financial institutions involved in the housing program to cap their interest rate at six percent for low and medium cost housing," Bunye said.
The banks now charge nine percent annually, including service charges, for low-cost housing loans, he added.
[DatePublished] => 2003-01-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[9] => Array
(
[ArticleID] => 188726
[Title] => Urban poor home loans seen to hit P426M
[Summary] => Housing loans for land tenure and housing acquisition by the urban poor informal settlers under the government’s Community Mortgage Program are expected to hit the P426-million mark this year with some P391-million already released during the last 11 months.
This was announced by Angelico T. Salud, president of the National Home Mortgage Finance Corporation (NHMFC), an agency of the Housing and Urban Development Coordinating Council (HUDCC) tasked to administer the home financing program.
[DatePublished] => 2002-12-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
)
)
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