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Housing amortization moratorium for typhoon victims
By Nidz Godino
“This is nothing compared to sacrifices and losses of our fellowmen affected by typhoon…with this moratorium on payments of amortization, we can somehow help ease their worries,” Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Rizalino Acuzar has ordered its key shelter agencies to give their members affected by Severe Tropical Storm Kristine moratorium on housing amortization.
Acuzar said move was in line with President Marcos’ directive to all government agencies to extend any available assistance to typhoon victims.
Specifically directed to implement moratorium on housing amortization are Home Development Mutual Fund or Pag-IBIG Fund, National Housing Authority (NHA), Social Housing Finance Corporation (SHFC) and National Home Mortgage Finance Corporation (NHMFC).
Acuzar said its regional offices are also now working closely with typhoon-affected local government units (LGUs) for speedy processing of applications submitted by affected families under Integrated Disaster Shelter Assistance Program (IDSAP).
He added all shelter clusters in affected areas were already activated to ensure smooth validation of IDSAP list obtained from LGUs.
Under IDSAP, DHSUD provides unconditional cash assistance of P30,000 for those with damaged houses due to calamities and P10,000 for those needing minor repairs.
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