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The document discusses the National Home Finance Corporation's Community Mortgage Program which aims to help urban poor households obtain affordable land and housing. It provides housing loans according to borrowers' financial capacity. However, the program receives many complaints about complicated requirements, long processing times, and low repayment collection. It also has weaknesses in targeting, service delivery, and organization that were not adequately addressed after implementation. Nonetheless, the program remains popular and innovative despite issues like interest rates being too high for some borrowers to repay.

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Raynier Ligaya
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39 views

Reaction Paper

The document discusses the National Home Finance Corporation's Community Mortgage Program which aims to help urban poor households obtain affordable land and housing. It provides housing loans according to borrowers' financial capacity. However, the program receives many complaints about complicated requirements, long processing times, and low repayment collection. It also has weaknesses in targeting, service delivery, and organization that were not adequately addressed after implementation. Nonetheless, the program remains popular and innovative despite issues like interest rates being too high for some borrowers to repay.

Uploaded by

Raynier Ligaya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Far Eastern University

Institute of Architecture and Fine Arts


S.Y. 2019-2020
Raynier I. Ligaya Ar. Rhea Olimpo

2015684951 SPLZTN 142

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The topic is about NHA Community Mortgage Program. The Philippine Government launched a
community mortgage program through the National Home Finance Corporation. This was
launched to help the urban poor households to obtain a land they can occupy and have a
development in the site. It is also to give the urban poor areas a housing in a low price. They can
acquire a land by having a housing loan according to their financial capacity. But the are some
problems within this Mortgage Program. The program itself receives many complaints due to
complicated documentary requirements, long process time and low collection repayment. Also
the CMP itself has some weaknesses that have not given much attention after it was
implemented. It pertains to the program targeting, service delivery, and the organization. But
above all that, the program is popular and it is considered by the few. It is also considered
innovative government housing program.

Although, the rates in which a person can borrow from the HDMF is a little bit too high, if it is
computed well, the 6 percent interest seems a little bit too much. What if the person who avail
for the program only takes a minimum a month? The interest the in the said program cannot be
repaid. But I think there’s always a way to pay for that or to earn that money.

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