Advisory Center for Affordable Settlements & Housing

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Document Type General
Publish Date 15/12/2009
Author
Published By UN-HABITAT
Edited By Saba Bilquis
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COMMUNITY BASED HOUSING FINANCE INITIATIVES IN PHILIPPINES

The past decades have seen the Philippines experience remarkable growth in its urban population. Between 1960 and 1995, it is estimated that the urban population grew by 5 percent before slowing down to 3.1 percent in recent years. Notwithstanding the difficulties of living in overcrowded places, people continue to migrate to urban areas in search of better employment and income opportunities. Rural-urban migration is further fueled by the indiscriminate conversion of prime agricultural lands for residential, commercial, and industrial uses. With smaller lands to till, farmers and farmhands are forced to find alternative employment in urban areas.

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