📋 Tender Overview
The Department of Human Settlements and Urban Development DHSUD will hold consultation meetings and workshops with financial institutions private developers and other stakeholders in a bid to develop an encompassing housing microfinance strategy for the country that would give low-income families access to credit to buy climate-resilient homes.The department aims to rollout an Inclusive Green Housing Microfinance IGHM program and hopes to garner support and inputs from stakeholders who will have a direct hand in its implementation.In partnership with the Asian Development Bank ADB and international consulting firm GlobalWorks six virtual meetings have been scheduled between April and May to formulate the IGHM framework including the setting of long-term goals and targets.With the high price of land especially in urban areas affordability remains a major stumbling block to home ownership for many Filipinos who fall below the poverty line. The department is committed to finding alternative means such as housing microfinance to help them afford their dream home DHSUD Secretary Eduardo Del Rosario said.We are reaching out to our stakeholders especially the microfinance institutions who are already implementing housing microfinance in the communities to gather insight capture best practices and ease barriers for an effective nationwide implementation he added.The meetings will be attended by representatives from microfinance institutions like the Microfinance Council of the Philippines and Alliance of Philippine Partners in Enterprise Development ASA Philippines Foundation Kasagana-Ka Cooperative Habitat for Humanity and developer groups like the Organization of Socialized and Economic Housing Developers of the Philippines and Socialized Housing Developers Association in addition to the DHSUD key shelter agency Social Housing Finance Corporation and Bangko Sentral ng Pilipinas Center for Learning and Inclusion Advocacy BSP-CLIA.The agenda for the consultation meetings include a discussion of the major findings from the assessment of existing housing microfinance programs around the country that was recently conducted identification of innovative solutions to challenges of existing housing microfinance operators and an analysis of green housing features of existing housing microfinance products.It will also establish the roles of DHSUD and BSP-CLIA in fostering further growth of housing microfinance in the Philippines the more effective participation of the private sector developers in the provision of affordable green housing supply the establishment of an apex financing facility for green housing microfinance and the capacity building requirements of program stakeholders to boost the housing microfinance expansion in the Philippines.The proposed IGHM is aligned with the 2021 agenda of the National Human Settlements Board a multi-agency housing body chaired by the DHSUD which focus on the pursuit of policy reforms to accelerate housing microfinance as a primary pro-poor housing finance strategy in recognition of the need to provide alternative housing solutions to low-income households. DHSUD
