11 April 2022 – The National Home Mortgage Finance Corporation (NHMFC) formally welcomed its new partner-originator Atlanta Land Corporation through the signing of a Memorandum of Agreement (MOA) that sealed a new partnership in helping address the housing backlogs in the country.
The agreement covers the commitment of Atlanta Land to originate housing loan portfolio of up to Php100 million under the three (3) sub-programs of the NHMFC’s Housing Loan Receivables Purchase Program (HLRPP), namely: PurcHase of Originated EconoMic/Low-Cost Housing REceivables (HOME) Program for economic or low-cost housing; Socialized Housing Loan Takeout of Receivables (SHeLTeR) Program for socialized housing; and Building Eligible Resilient Dwelling for Everyone (BERDE) Program for building or housing units with green features. Under HLRPP, no membership is required from homebuyers and they can avail of an affordable housing loan with fixed rates and fixed term.
This new partnership has opened another liquidity facility for Atlanta Land in its pursuit of providing quality housing units for the Filipino homebuyers.
In his message, NHMFC President Carlo Luis P. Rabat acknowledged that addressing the housing backlog in the Philippines takes a collaborative effort from both the private and government sectors. He said that this is the reason why NHMFC, as the government’s secondary mortgage Institution, has worked closely with its growing list of partner-originators in conquering this very challenging task of providing a home for every Filipino through its flagship program, the HLRPP.
“It brings me great pleasure to welcome the Atlanta Land Corporation into that circle, who share a similar goal of enhancing the quality of life for our fellow Filipinos by promoting quality property development projects,” President Rabat stated.
Atlanta Land COO Christine O. Chan likewise said that they share the same mission with NHMFC to provide good value homes for every Filipino.
NHMFC Communication Team