SHFC floats P2-B bonds to fund housing projects for poor families

Social Housing Finance Corp. (SHFC) is undertaking a securitization exercise, called Community Mortgage BALAI Asset-Backed Securities for a portion of its loan portfolio. It will involve the issuance of about P2 billion, which will be used to finance the agency's housing projects for low-income families.

"We need to be creative in generating funds, considering the limited budget allocated by the national government for housing," SHFC President Arnolfo Ricardo Cabling said during the "Housing Talks" forum, initiated by the Organization of Socialized and Economic Housing Developers Inc. on June 22.