Community Mortgage Program

1. Definition

The Community Mortgage Program (CMP) is a mortgage financing program in the Philippines managed by the Social Housing Finance Corporation (SHFC), a key shelter agency under the DHSUD. Enacted under Republic Act No. 7279 (Lina Law), the program assists organized communities of informal settlers and low-income families to purchase land they occupy or relocate to, allowing them to collectively acquire, subdivide, and develop raw land under a community ownership model. ([Official Gazette][1])

2. Alternate Names

*   Community Mortgage Program
*   CMP
*   SHFC Community Mortgage

3. Recognized Identities

*   Wikipedia: Urban Development and Housing Act of 1992
*   Wikidata: Q115814524
*   DBpedia: N/A
*   ProductOntology: N/A
*   Wiktionary: mortgage
*   Library of Congress Subject Headings (LCSH): Mortgage loans — Government policy — Philippines
*   MeSH: N/A
*   NCBI Taxonomy: N/A
*   AGROVOC: N/A
*   Google Scholar: Community Mortgage Program CMP SHFC socialized housing Lina Law
*   ConceptNet: N/A
*   OpenCyc: N/A

4. Examples of Usage

*   **On-Site Land Purchase:** A community of 50 informal settler families in Quezon City collectively purchasing their land parcel via CMP financing.
*   **Socialized Housing Philippines:** The main canonical article details the price caps, developers, financing agencies, and balanced housing quotas.

5. Typical Scenarios

*   **Organizing a community association:** A neighborhood association registers with the DHSUD to apply for a CMP loan to buy a private lot they have resided on for decades.
*   **Releasing community land titles:** SHFC releases individual land titles to members of a CMP cooperative after they complete their share of the 30-year community loan.

6. Key Strategies

*   Cross-reference socialized housing laws and agency structures with the main Socialized Housing Philippines article.
*   Formulate clear community bylaws regarding monthly payment collection and common area maintenance during CMP setup.

7. Safety & Security Measures

*   Ensure the target land parcel holds a clean title verified by the Registry of Deeds before starting CMP applications.
*   Verify that the community association is registered and recognized by the SHFC as a qualified CMP mobilizer.

8. Historical Context

The CMP was initiated in 1988 under the administration of President Corazon Aquino and was later institutionalized under Republic Act No. 7279 in 1992. The program aimed to address the growing urban housing backlog by formalizing informal settlements. In 2004, Executive Order No. 272 created the Social Housing Finance Corporation (SHFC) to focus exclusively on managing the CMP and other community-driven shelter programs. ([Official Gazette][1])

9. Common Challenges

*   **Slow Administrative Process:** The process of securing CMP clearances and matching land titles can take several years, leaving communities vulnerable to intermediate evictions.
*   **Delinquency Risks:** Collecting monthly mortgage payments from low-income members is challenging, and default by a few members can impact the collective community standing.

10. Related Topics

*   [[Socialized Housing Philippines]]
*   [[Department of Human Settlements and Urban Development]]
*   [[Republic Act No. 7279]]
*   [[Batas Pambansa Blg. 220]]

11. References

1.  [Official Gazette of the Republic of the Philippines](http://www.officialgazette.gov.ph/)