LGU to receive a 48 million-peso grant from Government Financing Agency

The City Government of Catbalogan is in line to receive from the Social Housing Finance Corporation (SHFC), an Omnibus Commitment Line Facility in the amount of 48 Million Pesos, to fund eight (8) LGU-owned housing project.

The amount is being given as part of SHFC’s Localized Community Mortgage Program (LCMP), which shall be implemented once a Memorandum of Agreement is signed by representatives of the two concerned parties.

This information was personally relayed to City Mayor Coefredo T. Uy by Ms. Zenona Clemen, the LCMP Visayas Coordinator. Also present during the meeting were City Councilor Hon. Stephany Uy-Tan and City Planning Officer Engr. Arnaldo Aroza.

This latest development is one of the LGU’s initiative to address the city’s concern on housing.

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