Manila, July 24 -- The Department of Human Settlements and Urban Development (DHSUD) and its attached agencies have implemented a payment moratorium and calamity loan program for residents affected by Tropical Storm "Crising" and the southwest monsoon, following the directive of President Ferdinand R. Marcos Jr.

In a news release on Thursday, the DHSUD said the Social Housing Finance Corporation (SHFC), National Housing Authority (NHA), and National Home Mortgage Finance Corporation (NHMFC) have announced a one-month moratorium on amortization payments for beneficiaries in affected areas.

Meanwhile, Pag-IBIG Fund has activated its calamity loan program across all its branches nationwide.

Qualified members in affected areas may borrow u...