SHFC grants payment relief after Mindanao earthquake

The Social Housing Finance Corporation (SHFC) has announced a temporary payment relief program for housing beneficiaries affected by the recent magnitude 7.8 earthquake that struck parts of Mindanao. The initiative aims to ease the financial burden on families as they recover from the disaster’s impact. It forms part of the broader government response to assist communities facing the aftermath of the powerful quake.

As an attached agency of the Department of Human Settlements and Urban Development (DHSUD), SHFC said the moratorium aligns with the directive of DHSUD Secretary Jose Ramon Aliling. The move also supports President Ferdinand Marcos Jr.’s call for immediate assistance to affected communities. Officials said the measure is intended to help families focus on rebuilding rather than financial obligations during the recovery period.

Relief measure targets affected communities

The moratorium covers monthly amortization payments due from June 8 to July 7, 2026. SHFC said the relief period may be extended depending on the extent of damage sustained by affected communities. Beneficiaries covered by the program will be allowed to defer their monthly payments without incurring penalties.

The assistance will primarily benefit member-beneficiaries residing in communities within Davao City and General Santos City. These areas were among those impacted by the strong earthquake that recently struck Mindanao. By suspending payment obligations, the agency hopes to provide breathing room for families dealing with repairs, relocation concerns, and other recovery-related expenses.

SHFC President and Chief Executive Officer Federico Laxa emphasized that the initiative is designed to prioritize the welfare of affected families. “In times of calamity, families should focus on their safety and rebuilding their lives—not on worrying about their monthly payments,” Laxa said. He added that SHFC remains committed to supporting communities as they recover from the disaster.

Commitment to housing and recovery

According to SHFC, the payment moratorium reflects the agency’s role as a partner in community development and disaster response. The agency said it continues to work alongside national and local government units to assist housing beneficiaries during times of crisis. The measure also demonstrates the government’s effort to provide practical support beyond immediate emergency aid.

Laxa stressed that the agency’s response is rooted in solidarity with affected residents. “Through this moratorium, SHFC stands with the national government and with our communities as we get back on our feet as one nation,” he said. The statement underscored the importance of coordinated recovery efforts in the wake of major disasters.

SHFC described the initiative as part of its commitment to being “Kaagapay ng Komunidad,” promoting safe, affordable, and resilient housing communities across the country. As recovery efforts continue in Mindanao, the agency said it will monitor conditions on the ground and determine whether additional support measures are necessary. The payment relief program is expected to provide temporary financial stability for families working to rebuild their lives following the earthquake.