Housing projects and settlements for every family
“… homes for our middle class will be encouraged by the guaranty of not more than ten thousand peso loans … public lands for settlement and production and the acquisition of private lands for distribution to tenants …”
“… help people build their own homes, to own the lot on which to build them and the land they cultivate …”
President Elpidio Quirino
On September 15, 1950, yhe precursor of the HGC Charter, Republic Act (R.A.) 580, establishing the Home Financing Commission with an initial budget of P5 Million, was signed into law by then President Elpidio Quirino.