NHA sets amortization moratorium, lease payments amid wrath of ‘habagat’
The National Housing Authority (NHA) in the Philippines has declared a one-month moratorium on loan and lease payments for residents in areas affected by the recent 'habagat' monsoon. This automatic relief measure suspends penalties and interest for August 2026 to assist families dealing with flooding and work disruptions.
Why it matters
It demonstrates government intervention to provide financial stability to vulnerable populations during climate-related disasters.
MANILA, Philippines - The National Housing Authority (NHA) has implemented an automatic moratorium on loan amortizations and lease payments falling until end of August for residential account holders in its housing projects.The measure aims to provide temporary financial relief to families affected by the prevailing 'habagat,' or the enhanced southwest monsoon, according to NHA General Manager Joeben Tai.Citing a memorandum circular, the moratorium covers residential account holders in the National Capital Region (NCR) and the provinces of Ilocos Sur, La Union, Pangasinan, Abra, Benguet, Bataan, Bulacan, Pampanga, Tarlac, Zambales, Cavite, Batangas, Rizal, Occidental Mindoro, and Oriental Mindoro, Tai said.The agency said the suspension comes in response to habagat, which has brought widespread and prolonged rainfall across NCR and several provinces in Luzon, resulting in flooding and work disruptions.
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