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NREA-HUDCC National Convention & Trade Exhibits “Philippine Real Estate & Local Governance”

NREA-HUDCC National Convention & Trade Exhibits “Philippine Real Estate & Local Governance”. September 20-21, 2012. What to Expect. Historical Background Mandates Credit Guaranty Program Benefits and Incentives Understanding the Industry Guaranty on Microfinance Housing Loans

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NREA-HUDCC National Convention & Trade Exhibits “Philippine Real Estate & Local Governance”

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  1. NREA-HUDCC National Convention & Trade Exhibits“Philippine Real Estate & Local Governance” September 20-21, 2012

  2. What to Expect • Historical Background • Mandates • Credit Guaranty Program • Benefits and Incentives • Understanding the Industry • Guaranty on Microfinance Housing Loans • Bankers Builders Buyers Program

  3. Historical Background 1978 1986 2000 1950 E.O. No. 535 Became Corporation & placed under the Ministry of Human Settlements R.A. No. 8763 Renamed Home Guaranty Corporation R.A. No. 580 Home Financing Commission E.O. No. 90 Renamed Home Insurance and Guaranty Corporation

  4. Mandates • To mobilize private funds for home lending • To guaranty the payment of housing loans in the event of borrowers default • To ensure sustainability of housing finance particularly for low-income families.

  5. Guaranty Developers Homebuyers Financing Institution Credit Guaranty Diagram

  6. Benefits of the HGC Guaranty

  7. Benefits of the HGC Guaranty

  8. The Real Estate Business as we understand it … • Banks • Builders • Buyers

  9. GUARANTY PROGRAM FOR MICROFINANCE HOUSING LOANS

  10. Enrollment For Guaranty Coverage COG

  11. Post Audit of Guaranteed Loans HGC validates sufficiency and orderliness of loan documentation with the MFI HGC inspects housing unit of the borrower

  12. Objectives • To strengthen the role of the Corporation in mobilizing private funds for housing; • To actively match the requirements of the key players in the industry; and • To address the gaps in home ownership.

  13. BBB Program Banks: To extend more financing to builders and buyers with minimum risk Builders: To build and sell more fast at minimum cost. Buyers: To be able to buy a house in a convenient and cost efficient way.

  14. “BBB” Program = “Housing made Easy“

  15. How? What shall I do next? Where can I find useful information? Who can I trust?

  16. Other useful Websites..

  17. Where can I…

  18. Thank You!

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