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An Assessment of the Community Mortgage Programs of the Social Housing Finance Corporation

Author

Listed:
  • Ballesteros, Marife M.
  • Magtibay, Jasmine E.
  • Ramos, Tatum

Abstract

The Community Mortgage Program (CMP) is a financing scheme that enables organized residents of slums to borrow for land purchase and housing development. It is considered to be the most innovative and responsive government housing program in the Philippines. Nevertheless, the CMP has a number of weaknesses that have not been given much attention in the years of program implementation. These issues pertain to program targeting, service delivery, and organization. This study aims to review the current processes and overall performance of the CMP including its variants—the localized CMP and the High Density Housing Program. It also provides recommendations on how the identified problems can be addressed.

Suggested Citation

  • Ballesteros, Marife M. & Magtibay, Jasmine E. & Ramos, Tatum, 2015. "An Assessment of the Community Mortgage Programs of the Social Housing Finance Corporation," Discussion Papers DP 2015-41, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2015-41
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/an-assessment-of-the-community-mortgage-programs-of-the-social-housing-finance-corporation
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    References listed on IDEAS

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    4. Field, Erica Marie, 2005. "Property Rights and Investment in Urban Slums," Scholarly Articles 3634150, Harvard University Department of Economics.
    5. Erica Field, 2005. "Property Rights and Investment in Urban Slums," Journal of the European Economic Association, MIT Press, vol. 3(2-3), pages 279-290, 04/05.
    6. Ballesteros, Marife M. & Egana, Jasmine V., 2013. "Efficiency and Effectiveness Review of the National Housing Authority Resettlement Program," Discussion Papers DP 2013-28 (Revised), Philippine Institute for Development Studies.
    7. Besley, Timothy, 1995. "Property Rights and Investment Incentives: Theory and Evidence from Ghana," Journal of Political Economy, University of Chicago Press, vol. 103(5), pages 903-937, October.
    Full references (including those not matched with items on IDEAS)

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