Republic of the Philippines 
 HOUSE OF REPRESENTATIVES 
Quezon City 
19TH CONGRESS 
First Regular Session 
House Bill No. ____ 
Introduced by Representative Michael L. Romero 
EXPLANATORY NOTE 
There is an urgent need for more Funds to support the present and future 
Community Mortgage Program (CMP) operations and other Social Housing 
Finance Corporation (SHFC) programs. Given the above CMP targets and SHFC 
corporate developments, the Five hundred million (₱500,000,000.00) annual 
allocation of the government may not be enough to cover their current and future 
operations. 
For CMP alone, a total of 264 project application worth One billion and Nine 
hundred million pesos (₱1,900,000,000.00) have been received by SHFC as of 
May 2008. In fact, an analysis of CMP pipeline data would reveal that a total of 
₱1.7 billion is needed this year to service CMP project funding requirements: 
₱660 million for 138 projects approved to be taken out; ₱319 million for 121 
projects waiting for final payments; and P978 million for 145 projects which are 
already in the advance stage of processing. 
This House Bill seeks to ensure that the community association (CAs) complies 
to the submission of requirements, eliminate disputes among members of the 
CAs, provide sufficient SHFC human resource complement for the program and, 
provide the proper financial assistance. 
Approval of this bill is therefore sought. 
MICHAEL L. ROMERO Ph.D. 
July 1, 2022 
11:35 am
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Republic of the Philippines 
 HOUSE OF REPRESENTATIVES 
Quezon City 
19TH CONGRESS 
First Regular Session 
House Bill No. ____ 
Introduced by Representative Michael L. Romero 
AN ACT 
TO PROVIDE A SEPARATE BUDGET-SUBSIDY TO THE 
LOCALIZED COMMUNITY MORTGAGE PROGRAM (LCMP), TO 
EMPOWER LOCAL GOVERNMENT HOUSING PROGRAMS, AND 
FOR OTHER PURPOSES 
Be it enacted by the Senate and the House of Representatives of the Philippines 
In Congress assembled: 
SECTION 1. DECLARATION OF POLICY – the state shall hereby provide 
sufficient SHFC human resource complement for its programs, provide the 
adequate amount in terms of financial assistance for the associations of the 
underprivileged. 
The state shall hereby undertake social housing programs that will cater 
to the formal and informal sectors in the low-income bracket. 
The state shall hereby take charge of developing and administering social 
housing programs, particularly the Community Mortgage Program (CMP). 
The state shall hereby provide amortization support program, development 
program and financing program. 
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SECTION 2. IMPLEMENTING RULES AND REGULATIONS - The LCMP 
was approved by the SHFC Board of Directors on 27 July 2007 as a derivative of 
the CMP that would assist and empower the local government unit (LGU) in 
achieving their housing programs for the informal sector in their respective 
areas.  
Under the LCMP, a qualified partner-LGU may apply for an omnibus 
commitment line: maximum of Fifty million pesos (₱50,000,000.00) made 
available by SHFC to accommodate priority social housing projects identified by 
the partner-LGU. The partner LGU shall be required to put up Twenty five 
percent (25%), minimum, of the total project cost as counterpart contribution 
for the project. The counterpart maybe in the form of real estate property owned 
by the LGU, site development or cash financing. 
 
SECTION 3. APPROPRIATION – The State shall hereby provide a separate 
authorize capitalization of Two billion pesos (₱2,000,000,000.00) to evolve and 
implement a comprehensive national program to meet the housing and related 
needs of marginal families in the country.  
The state shall hereby authorize the Department of Human Settlements 
and Urban Development (DHSUD) to re-align its appropriations, in the current 
year of the date of the effectivity of this Act to conform with its mandate and 
requirements. 
The amount necessary to carry out the purposes of this Act shall be 
included in the annual budget of implementing agencies in the General 
Appropriations Act (GAA) of the year following its enactment into law and every 
year thereafter. 


SECTION 4. ANNUAL REPORTS - The DHSUD shall hereby submit 
periodic reports on its findings and make recommendations on actions to be 
taken by Congress and Senate and the appropriate department. 
SECTION 5. AUTOMATIC REVIEW - Every year after the effectivity of this 
Act, an independent review panel composed of experts to be appointed by the 
President shall review the policies and programs in the DHSUD and shall make 
recommendations, based on its findings, to the President and to both Houses of 
Congress. 
SECTION 6.  SEPARABILITY CLAUSE - If any provision or section of this 
Act or the application thereof to any person or circumstances is held invalid, the 
other provisions or sections of this Act shall remain valid, and the application of 
such remaining provisions or sections to the other persons or circumstances, 
shall not be affected thereby. 
 
SECTION 7. REPEALING CLAUSE - All provisions and any other 
provisions inconsistent with the provision of this Act are hereby amended 
accordingly. 
 
 
          SECTION 8.  EFFECTIVITY CLAUSE – This Act shall take effect fifteen 
(15) days from the date of its publication in the Official Gazette or in at least two 
(2) newspapers of general circulation. 
 
 
Approved.