star Kabayan Noli De Castro OVP
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V Housing and Urban Development Coordinating Council (HUDCC)

V National Anti-Poverty Commission (NAPC)



Kabayan Forum

June 24, 2005

Vice President Noli “Kabayan” De Castro yesterday acted to apprehend an alleged extortionist in the National Home Mortgage Finance Corporation (NHMFC), one of the agencies under the Housing and Urban Development Coordinating Council (HUDCC), which is chaired by the Vice President.

HUDCC coordinated with the National Bureau of Investigation (NBI) to launch an entrapment operation to catch the suspected extortionist in the act.

The said operation was prompted by a complaint from a member of a homeowners’ association.

According to De Castro, various complaints have reached his office pointing to certain people in NHMFC who are allegedly demanding money from land owners and homeowners associations.

“Apparently, some people or groups who have pending applications for the Community Mortgage Program (CMP) are being asked for grease money before their checks can be released,” De Castro said.

CMP is a program being administered by NHMFC that lends funds to non-formal community groups to purchase land for housing.

The Vice President reveals that HUDCC has not been able to act on the complaints until now as none of the complainants wanted to come out in the open and execute an affidavit.

He revealed that the complaints pointed to the same person, and the same modus operandi.

“We are thankful that a complainant from NAIS Homeowners Association, Inc. from Cacarong Matanda in Pandi, Bulacan expressed willingness to pursue the case, which allowed us to act on it,” he said.

“I will never tolerate corruption in the housing sector for as long as I am at the helm of HUDCC,” he added.                                                                                   HOME | back-to-top  

Copyright 2005, Office of the Vice President (OVP) - Management Information Services Division (MISD). All rights reserved.