More than 148,000 families whose homes and livelihoods were severely impacted by Tropical Storm Crising and the intensified southwest monsoon (habagat) will benefit from the moratorium on monthly amortization payments implemented by the Social Housing Finance Corporation (SHFC).
The one-month moratorium responds to President Ferdinand Marcos, Jr.’s directive to provide swift assistance to families affected by the recent calamities. It also aligns with Department of Human Settlements and Urban Development Secretary Jose Ramon Aliling’s instruction to extend immediate support to impacted communities.
“This is more than just a pause in payments,” SHFC President and CEO Federico Laxa said. “This is a compassionate response anchored in our commitment to assist our communities during times of disasters.” He added that the agency has mobilized its regional offices to closely monitor the situation, ensuring timely assistance reaches the most affected areas.
The moratorium will provide financial relief to families from over 2,100 communities in areas hit by recent weather disturbances, enabling them to redirect resources toward basic needs and immediate recovery efforts.
Among the most affected communities are Metro Manila with about 70,000 member-beneficiaries (MBs), Quezon Province with nearly 12,000 MBs, and Cavite with around 11,000 MBs. Other severely affected areas include Bulacan, Pampanga, Rizal, Laguna, Occidental and Oriental Mindoro, Batangas, Sorsogon, Iloilo, and Palawan.
The moratorium underscores SHFC’s role as “Kaagapay ng Komunidad”—a reliable partner in building safe, affordable, and resilient housing communities.
For further information, affected member-beneficiaries are advised to coordinate with their Account Officers or contact the nearest SHFC office.
