Mandaue lauds firm for housing plan support

CEBU, Philippines - The Mandaue City Council has acknowledged the Social Housing and Finance Corporation's support for the realization of the city's socialized housing and development program.

Mandaue City Councilor Diosdado Suico introduced the resolution supported by Vice Mayor Glenn Bercede and members of the City Council.

The resolution saw the city government of Mandaue thanking Social Housing and Finance Corporation through its President Ana Ma. Oliveros.

The Mandaue City Council resolution said the World Bank and the Social Housing and Finance Corporation have chosen Mandaue City as one of the only two cities as model local government units in the implementation of housing programs for the poor uniting all sectors and stakeholders in the community.

Iloilo City was the other model LGU.

On May 16, 2014, the Mandaue partnered with the Social Housing and Finance Corporation in an undertaking, the highlight of which was the program entitled "Learning Exchange on Citywide Development Approach to Informal Settlers Upgrading", an activity being organized by the SHFC and the World Bank under the City Wide Development Approach.

Councilor Suico said the significance of the affair was the presentation of check to the landowner of the 12 community mortgage program projects that will benefit 1,200 informal settler families and the signing of the memorandum of understanding between the SHFC and the city government of Mandaue.

"One of the greatest benefactor of Mandaue City's escalating and paramount success in the implementation of the socialized housing program that aims to strengthen the relationship of  partner government agencies is the Social Housing and Finance Corporation through the leadership of Oliveros," the resolution further said.