Community Mortgage Program (CMP)

Article by SDS Admin Published on January 8, 2019

The CMP, implemented by the Social Housing Finance Corporation (SHFC), is a mortgage financing program which assists legally organized associations of residents of blighted or depressed areas to own the lots they occupy, providing them security of tenure and eventually improve their neighborhood and homes to the extent of their affordability. In this regard, the Program aims to improve the living conditions of homeless and underprivileged citizens by providing them affordable financing with which they can secure tenure on the land they occupy.

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