SHFC: 1-month moratorium on payments for members affected by Mayon unrest

The Social Housing Finance Corporation (SHFC) will implement a one-month moratorium on monthly amortization payments for member-beneficiaries affected by Mayon Volcano’s recent unrest.

In a statement, the SHFC – an attached agency of the Department of Human Settlements and Urban Development (DHSUD) – said this is in line with President Ferdinand Marcos Jr.’s call to extend immediate assistance to Filipinos affected by the ashfall.

The moratorium will be in effect from May 2 to June 1, 2026 to provide temporary financial relief to concerned member-beneficiaries and their families.

“This initiative aims to ease the burden on member-beneficiaries as they recover from the disruption and challenges brought about by the disaster,” the SHFC said.

SHFC president and chief executive officer (CEO) Federico Laxa assured that they are committed to support vulnerable communities during times of crisis.

“In moments like these, our priority is to stand with our communities and provide them with the support they need to recover,” Laxa said.

“The moratorium is a small but meaningful step to help ease their financial burden as they focus on their safety and well-being,” he added.

The SHFC urged affected member-beneficiaries to coordinate with their assigned account officers for guidance on the moratorium and other related concerns, adding that it is ready to extend further assistance amid Mayon Volcano’s unrest.

On Monday, state volcanologists said the volcano’s activity – which caused massive ashfall over the weekend – could last for several more weeks. — JMA, GMA News