National Home Mortgage Finance Corporation (NHMFC) signs Memorandum of Agreement (MOA) with Tagum City Council of Women Foundation, Inc.

The National Home Mortgage Finance Corporation (NHMFC), a key shelter agency under the Housing and Urban Development Coordinating Council (HUDCC) recently signed a MOA with Tagum City Council of Women Foundation, Inc. (TCWF) for a socialized housing project, the first of its kind. Representing NHMFC during the MOA signing was President Felixberto Bustos, Jr. and representing TCWF was President Alma L. Uy. Witnessing the signing were Vice Governor of Davao Del Norte Alan Dujali and Congressional Spouses Foundation Inc. (CSFI) President Emily A. Alvarez.

TCWF is composed of women living in the different barangays of Tagum City. The foundation’s strength lies in their livelihood programs that empower women to be economically independent. From selling kakanin in one of the areas in Tagum City, TCWF has now fifteen (15) outlets where they sell not only kakanin but a variety of viands, fruits & deserts.

The MOA between NHMFC and TCWF entails the take-out of socialized housing loans of the foundation’s members. The said purchase will be coursed through NHMFC’s Socialized Housing Loan Take Out of Receivables (SHeLTeR) Program.

The NHMFC SHeLTeR Program aims to bridge the gap of the country’s socialized housing backlog by offering a liquidity facility to originators such as non-government organizations, cooperatives, microfinance institutions, local government units, national government agencies, and private corporations which are involved or would like to be involved in providing a housing program for their employees, constituents or members.

NHMFC plans to replicate this unique assistance to women foundations and non-profit organizations aspiring to provide housing and livelihood assistance to their members, in other areas of the country.

For non-profit organizations, microfinance institutions and cooperatives interested in collaborating with NHMFC through the SHeLTeR Program, you may call 893-0491 or 893-1515 local 249 for more details.