NHMFC Communication Team
07 October 2021 – As part of the celebration of the National Shelter month, the National Home Mortgage Finance Corporation (NHMFC) partnered with the International Housing Finance Corporation (IFC) to introduce to the public the Building Resilience Index (BRI) Toward Resilient and Affordable Homes webinar.
IFC Country Manager Jean-Marc Arbogast and Green Building Country Lead Angelo Tan presented the importance of BRI as a tool being piloted in the country. The Philippines is one of the most vulnerable developing countries that experiences natural disasters.
BRI app is an innovation of IFC that is supported by the World Bank, the Government of Netherlands and the Australian Government. It is a web-based hazard mapping and resilience assessment framework that evaluates location-specific, climate-related risks for a building, and the resilience measures that have been implemented. The first of its kind in the world, BRI facilitates the identification, management, and disclosure of these disaster risks at the building level.
In his keynote speech, Department of Human Settlements and Urban Development (DHSUD) Secretary Eduardo Del Rosario recognized the timely support of IFC’s BRI with the National Shelter Month. “Through the support of IFC’s Building Resilience Index, we can build a disaster-resilient housing project. Hence, together, we can continuously seek ways on how we can improve the safety and structural integrity of housing especially in disaster-prone regions,” he cited.
On the other hand, NHMFC President Carlo Luis P. Rabat said that BRI will be a convenient tool for the originators to address the risk and resilience on the property, while allowing banks and insurance companies to understand the potential risk exposure of the asset.
“Another IFC development that has yet to be adapted by NHMFC is the Building Resilience Index, a tool which can be used by stakeholders and financial institutions like us to better understand the risks associated with the investment before financing resilient housing,” he stated.***