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What is Reduction of Maximum Allowable Equity about?

The Social Housing Finance Corporation (SHFC) issued a circular reducing the maximum allowable equity for properties acquired under the Community Mortgage Program. The SHFC Board approved lowering the equity limit from 30% to 10% for properties in Metro Manila and other highly urbanized areas, and from 30% to 5% for properties outside those areas. This aims to ensure affordable housing for underprivileged groups by maintaining acquisition costs at the lowest level possible and preventing upward pressure on

Author

mystics89

Language

EN