The Home Guaranty Corporation (HGC), a government - owned and controlled corporation, is tasked to operate a credit guaranty program in support of government's efforts to promote home ownership.
The NHMFC is the major government home mortgage institution. It's initial main function is to operate a viable home mortgage market, utilizing long-term funds principally provided by the Social Security System, the Government Service Insurance System, and the Home Development Mutual Fund to purchase mortgages originated by both public and private institutions that are within government-approved guidlines.
Government-owned and controlled corporation under the administrative supervision of the Housing and Urban Development Coordinating Council and classified under the Infrastructure Utilities Group.
To be the lead government agency to undertake financing of social housing programs that will cater to the formal and informal sectors in the low-income bracket.
To take charge of developing and administering social housing program schemes, particularly the Community Mortgage Program (CMP) and the Abot-Kaya Pabahay Fund (AKPF) Program (amortization support and developmental financing program.