SHFC earns third unmodified COA opinion for 2025

The Social Housing Finance Corporation (SHFC) has secured a third consecutive unmodified opinion from the Commission on Audit (COA) for its financial statements covering calendar year 2025. The rating is the highest audit opinion issued by COA and confirms full compliance with government financial reporting standards.

The result reflects SHFC’s consistent commitment to transparency, accountability, and sound financial governance in the implementation of national housing programs. It also reinforces public trust in the agency’s management of government funds allocated for socialized housing initiatives.

In its Independent Auditor’s Report, COA stated that SHFC’s financial statements fairly present its financial position for the years ended December 31, 2025 and 2024. The opinion confirms that the agency’s reports are reliable and prepared in accordance with applicable auditing standards.

Unmodified audit recognition

The unmodified opinion from the Commission on Audit is the highest possible rating for government financial statements. It indicates that an agency’s reports are free from material misstatements and are accurately presented under established accounting rules.

SHFC’s three-peat achievement demonstrates sustained financial discipline and strong internal control systems. It also shows the agency’s continued ability to meet strict audit requirements across multiple reporting periods without qualification.

The recognition further highlights improvements in financial management practices that ensure public funds are properly recorded, monitored, and utilized in accordance with government regulations and standards.

Leadership and housing mission

Under the leadership of SHFC President and CEO Federico Laxa, the agency has strengthened its financial stewardship while expanding access to affordable housing programs. SHFC continues to align its operations with national priorities under the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program.

Laxa said the audit recognition reflects SHFC’s commitment to integrity, transparency, and responsible governance. He added that the agency remains focused on ensuring that public funds are translated into meaningful housing opportunities for Filipino families.

With guidance from the Department of Human Settlements and Urban Development (DHSUD) led by Secretary Jose Ramon Aliling, SHFC continues to implement inclusive housing initiatives. These include the Enhanced Community Mortgage Program (ECMP) and vertical housing developments under the expanded 4PH framework.

The agency’s programs aim to expand access to safe, affordable, and resilient housing while maintaining strict compliance with government accountability standards.