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VICE President Noli “Kabayan” De Castro today ordered housing agencies -- Pag-IBIG Fund, Social Housing Finance Corporation, National Housing Authority, and the National Home Mortgage Finance Corporation -- to impose a six-month moratorium on the payment of housing loans of members living in areas affected by recent typhoon “Reming”.

“I have personally seen and met the thousands of families in Naga who were rendered homeless by ‘Reming’. I have tasked the housing agencies under the HUDCC to look for ways on how we can further alleviate the suffering of the victims and help them rebuild their lives.” said De Castro.

The National Housing Authority (NHA) is preparing an inventory of existing resettlement sites in affected provinces which may be expanded and made available to families who lost their homes. The NHA will offer serviced lots and housing material loans.

The Pag-IBIG Fund recently waived the submission of a Barangay Certification as a requirement for calamity loan application. The declaration or proclamation issued by the Office of the President or Local Government Unit is already sufficient to support the grant of calamity loans to Pag-IBIG members of calamity-stricken areas. Under the Fund’s Calamity Loan program, a qualified member whose place of residence has been declared under a State of Calamity can borrow up to 80 percent of his total savings. From January to October of this year, the Fund has released a total of P P2.87 billion in calamity loans benefiting 181,434 member-borrowers across the country.

The Social Housing Finance Corp., the housing agency administering the Community Mortgage Program (CMP), reported that as of October 2006, a cumulative total of P166 million in CMP loan was released in the Bicol region for 28 housing sites covering 5,411 beneficiaries.