Mayon eruption relief grants SHFC housing payment moratorium for affected Bicol families

Mayon eruption relief efforts expanded significantly after the Social Housing Finance Corporation (SHFC) announced a one-month moratorium on monthly amortization payments for member-beneficiaries in communities affected by the recent volcanic activity in Bicol Region. The move provides immediate financial relief for vulnerable families grappling with displacement and disruption caused by the eruption.

The moratorium, which runs from May 2 to June 1, 2026, follows directives from the Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling in response to President Ferdinand Marcos Jr.’s broader call for urgent government assistance to affected communities.

For many families already facing the economic strain of disaster recovery, the payment suspension offers temporary breathing room as they prioritize safety, shelter, and immediate survival needs.

Mayon eruption relief strengthens housing support for Bicol residents

SHFC President and CEO Federico Laxa emphasized that the agency’s immediate priority is community protection during this crisis.

“In moments like these, our priority is to stand with our communities and provide them with the support they need to recover,” Laxa said.

“The moratorium is a small but meaningful step to help ease their financial burden as they focus on their safety and well-being,” he added.

The relief measure reflects the government’s increasing focus on integrating housing security into broader disaster response frameworks, particularly in regions repeatedly exposed to natural calamities.

Affected member-beneficiaries are being advised to coordinate with SHFC account officers for guidance on payment suspension terms and additional assistance options.

Mayon eruption relief highlights broader disaster recovery efforts

SHFC’s moratorium is part of a larger multi-agency response aimed at stabilizing affected populations as Mayon’s volcanic unrest continues to threaten communities across Albay and nearby provinces.

As authorities continue monitoring volcanic activity, government agencies are expected to assess whether extended assistance measures may be necessary depending on the duration and severity of displacement.

The Mayon eruption relief initiative underscores the critical role of financial flexibility in disaster recovery, particularly for low-income housing beneficiaries whose livelihoods are often most vulnerable during prolonged emergencies.

By temporarily lifting amortization obligations, SHFC provides not only financial support but also critical social protection as affected communities work toward rebuilding stability amid ongoing uncertainty.