The Community Mortgage Programme: An Innovative Social Housing Programme in the Philippines and Its Outcomes
The Community Mortgage Programme (CMP) is an innovative housing finance programme in the Philippines that allows low-income families, particularly those living on public and private lands without security of tenure, to have access to affordable housing. It is a programme for legalizing and upgrading squatters and informal settlements or for supporting their inhabitants to develop homes on a legal site elsewhere. Between 1991 and 2001, it assisted 106,273 poor families in securing housing and land tenure in 854 communities (CMP, 2001). It is the most responsive and cost-effective government housing finance programme in the Philippines; it also has the highest collection efficiency rate of all government housing loan programmes.
Porio, E., Crisol, C., Magno, N., Cid, D., & Paul, E. (2004). The Community Mortgage Programme: An Innovative Social Housing Programme in the Philippines and Its Outcomes. In D. Satterthwaite & D. Mitlin (Eds). Empowering Squatter Citizen: Local Government, Civil Society and Urban Poverty Reduction. London: Routledge.