The document outlines the processes of the Social Housing Finance Corporation for community associations' requests related to individualization of titles, computation of adjusted loan values, loans, and issuance of certifications. It also describes the requirements and procedures for substitution of member-beneficiaries, including reasons for substitution and required documentation. Contact information is provided for the Substitution and Individualization Department.

1. SOCIAL HOUSING FINANCE
CORPORATION

2. Processes Community Association’s (CA’s) requests or the
following :
 Individualization of:
1. Title (Subdivision of Mother Title or Stage 1)
2. Computation of Adjusted Loan Value (Final Masterlist of Beneficiaries and Loan
Apportionment)
3. Loan (Unitization or Stage 2)
 Substitution of Member-Beneficiaries:
1. Voluntarily Waiver of Rights
2. Default in Payment (3 consecutive monthly amortization or more)
3. Violation of Ordinances and By-Laws of Community Association
 Issuance of Certification:
1. As member-beneficiaries of the CA of elected officers/trustees or
directors (for HLURB purposes)
2. Capital Gains Tax Exemption (for Stage 2 purposes)
 Donation/Sale of Roadways and Open Spaces to the
Local Government Unit

3. SUBSTITUTIONSUBSTITUTIONHOW CAN A MEMBER-BENEFICIARY BE SUBSTITUTED ?

4. SUBSTITUTION
☞ Waiver of Rights
- Member- beneficiary voluntarily waives his or her rights to the
allocated lot
☞ Default in Payment
- Member-beneficiary is in default in the payment of his or her
amortizations equivalent to at least three (3) consecutive months
or more
☞ Violation of Rules and Regulations
- Member-beneficiary violates existing laws and ordinances on land
use in the locality, CA and/or SHFC rules and regulations.

5. Documentary Requirements
(Waiver of Rights)
1. Notarized Original copy of Board Resolution
2. Notarized Amendment to the Masterlist of MBs
3. Lease Purchase Agreement (LPA) of substitute
4. Notarized Original copy of Waiver of outgoing
MB’s rights on the awarded lot
5. Notarized Certification from CA president
/authorized officer stating that the account of
outgoing MB is updated/fully paid
6. Photocopies of Abstract of Collection with
Community Mortgage Receipt as proofs that the
account is updated
7. Proof of payment of Substitution Processing Fee
of P 500.00 per member-beneficiary
SUBSTITUTION

6. WAIVER OF RIGHTSWAIVER OF RIGHTS
4. NOTARIZED ORIGINAL COPY OF WAIVER OF OUTGOING MEMBER-
BENEFICIARY OVER INTEREST AND RIGHTS ON THE AWARDED
LOT.
IF MARRIED, WITH MARITAL CONSENT
IF SEPARATED, SUBMIT COURT DECISION OF ANNULMENT OF MARRIAGE

7. WAIVER OF RIGHTSWAIVER OF RIGHTS

8. DEFAULT IN PAYMENTDEFAULT IN PAYMENT
STEP 1STEP 1

9. DEFAULT IN PAYMENTDEFAULT IN PAYMENT
STEP 2STEP 2

10. DEFAULT IN PAYMENTDEFAULT IN PAYMENT
STEP 2STEP 2

14. INDIVIDUALIZATIONINDIVIDUALIZATION

15. TCT # 40001
HOAI
______
______
TCT # 40001
HOAI
______
______
TCT # 0001
JUAN D. CRUZ
____________
____________
TCT # 0001
JUAN D. CRUZ
____________
____________

16. ADJUSTED LOAN VALUE
(FINAL MASTERLIST OF MBs)
SUBDIVISION / INDIVIDUALIZATION
OF MOTHER TITLE/S
(INDIVIDUALIZED TCTs ARE STILL UNDER CA’s NAME)
UNITIZATION / INDIVIDUALIZATION OF LOAN
(TRANSFER OF TITLE FROM CA’s NAME TO MB’s NAME)
ALV
STAGE 1
STAGE 2

17. Documentary Requirements
For STAGE 1

24. ADJUSTED LOAN
VALUE
ALV X 0.41/1000= MRITC – EQ = ALV∑TC X HL / THL= TC
∑TC = SUMMATION OF TOTAL COST
(TOTAL LOAN AMOUNT + TOTAL EQUITY)
HL = HOMELOT
THL = TOTAL HOME LOT
TC = TOTAL COST
EQ = EQUITY
ALV=ADJUSTED LOAN VALUE
ALV X 0.00644301= P/I

26. STAGE 2
(UNITIZATION OF COMMUNAL LOAN & TRANSFER
OFTITLE INTO MEMBER-BENEFICIARY’S NAME)
CHECKLIST OF DOCUMENTARY REQUIREMENTS
1. CERTIFICATION ISSUED BY THE HOUSING LAND USE
REGULATORY BOARD (HLURB) ON THE PRESENT SET OF
OFFICER OR DIRECTORS
2. PHOTOCOPY OF TITLE
3. PROOF OF PAYMENT OF INDIVIDUAL REAL PROPERTY TAX
NOTE: Only those Member-beneficiaries with updated accounts are
qualified to undergo this Stage

27. DOSAM FORMS
(DEED OF SALE WITH ASSUMPTION OF
MORTGAGE)
PROMISSORY NOTE FORMS

32. “ONE-SHOT INDIVIDUALIZATION”

35. “ONE-SHOT INDIVIDUALIZATION”
NOTE : This One-Shot Individualization is an option given only
to CA’s with CER of 80 % and above as in incentive to them

36. “ONE-SHOT INDIVIDUALIZATION”
1 2
7
8
6 5

37. EXIT
OTHER CHECKLIST

38. MA. SYLVIA N. MENDOZA
CHARINA Y. BENITEZ
JULIA C. FRADES
LORNA P. PADUA
ANA MARIE Y. MISOLES
SUBSTITUTION INDIVIDUALIZATI
ON
PROJECT INDIVIDUALIZATION
DEPARTMENT
TRUNKLINE .: 750-6337 to 65 Local 541/542
THANK YOU…
JULITA R. PARREÑO
MANAGER
MS. DELIA V. SILVIA
CHIEF OF DIVISION
PERRY D. ALAMBRO
JOSEPH J. HAYAGAN

39. MA. SYLVIA N. MENDOZA
CHARINA Y. BENITEZ
JULIA C. FRADES
LORNA P. PADUA
ANA MARIE Y. MISOLES
PERRY D. ALAMBRO
JOSEPH J. HAYAGAN
SUBSTITUTION INDIVIDUALIZATI
ON
PROJECT INDIVIDUALIZATION
DEPARTMENT
TRUNKLINE .: 750-6337 to 65 Local 541/542
THANK YOU…
ENGR. FELMAN R. GILBANG
MANAGER
MS. DELIA V. SILVIA
CHIEF OF DIVISION