The Social Housing Finance Corporation (SHFC) has taken a major step toward delivering permanent and decent housing to residents of San Juan City with the approval of the Makabagong San Juan Pambansang Pabahay Phase 2 on January 29, bringing to a close the long wait of its beneficiary families.
Led by SHFC President and CEO Federico Laxa, together with the members of the Credit Committee, the project approval comes after more than seven years of anticipation for the San Juan community, signaling renewed hope and progress for over 1,000 families.
Dubbed as the tallest vertical housing project under President Ferdinand Marcos, Jr.’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program to date, the 34-story landmark development is expected to provide safe, decent, and affordable homes to more than 1,100 families in San Juan City. The building will feature over 130 parking lots and four commercial units, designed to support the residents’ daily needs and stimulate local economic activity.
Under the leadership of Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling, SHFC remains steadfast in its mission to deliver affordable, decent, and permanent housing. The agency, which is commemorating its 22nd founding anniversary this month, continues to champion the welfare of Filipino communities through responsive housing programs anchored on social development and nation-building.
“This long-held dream of San Juan families is finally coming to fruition. Through our strong collaboration with the local government led by Mayor Francis Zamora, the long wait is finally over,” Laxa said following the approval of the project.
The Makabagong San Juan Pambansang Pabahay Phase 2 is envisioned to foster inclusive and resilient communities, providing residents with improved living conditions and better access to essential services and opportunities. In September last year, SHFC approved the Makabagong San Juan Pambansang Pabahay Phase 1, which will likewise provide homes to over 1,000 families in the city.
SHFC’s vertical housing projects reflect its commitment to innovative and sustainable urban housing solutions, particularly in densely populated areas. In San Fernando City, Pampanga, the Crystal Peak Estates is already home to over 50 families, with an additional 900 units ready for occupancy.
Other vertical 4PH projects are also making steady progress. These include People’s Ville in Davao City, which now has 14 completed buildings and has already accommodated more than 200 families. In Manila, SHFC has also fully completed 172 units in San Miguel de Manila Residences while construction continues at Port Town. Meanwhile, construction is in full swing at Valley View Township in Tagoloan, Misamis Oriental, as well as at Tandikan Ville in Puerto Princesa City, Palawan.
