✅8️⃣Philippine Perspectives on Housing

Flashcards covering key concepts from the lecture on housing needs, policies, and programs in the Philippines.

Housing Backlog

The shortfall of housing units needed, currently estimated at 3.9 million households in the Philippines.

Socialized Housing

Housing segment for projects costing P450,000 or below.

Economic Housing

Housing segment covering price ranges from P450,000 but not exceeding P1.7 million.

Housing Production

The act of developing housing units, which increased in high-end and mid-end categories but remained flat in economic and socialized housing from 2010 to 2011.

SHDA

Subdivision and Housing Developers’ Association, the largest organization of housing developers in the Philippines.

Housing Supply Profile

Data on the quantity of housing units produced compared to the demand across different segments.

Pag-IBIG Fund

Home Mutual Development Fund that offers affordable housing loans to minimum wage earners.

Community Mortgage Program (CMP)

Program aimed at helping residents of blighted areas secure land tenure through affordable financing.

Development Permit

Official authorization from HLURB or concerned LGU needed prior to registration of housing projects.

Abot-Kaya Pabahay Fund (AKPF)

A program that provides low-income families with affordable housing packages in urban areas.