A Break from Housing Payments After Floods
Key Vocabulary
money that you give for something you owe
The monthly housing payment is due soon.
a short stop
The agency gave families a one-month payment pause.
water covering land that is usually dry
The flood damaged many roads.
to officially ask for something
Covered families do not need to apply.
needing attention very quickly
Food and clean water are urgent needs after a disaster.
Article
Heavy rain and storms have affected families in the Philippines. Some government housing agencies are now giving people a temporary break from housing payments. [1]
The National Housing Authority has a one-month payment pause for covered homes in August. It includes some housing loans and lease payments. [2]
The pause is automatic for people who are covered. They do not need to apply. Payments will start again on September 1. [2]
The loan is not cancelled. People will still pay the money later. But they have one less bill to worry about during August.
After a flood, families may need money for food, cleaning, transport and repairs. Some people may also miss work.
A short payment break cannot fix everything. However, it can give families more time and money for their most urgent needs.
Discussion Questions
- What do families need after a flood?
- Which bills are important in your home each month?
- How can a payment break help a family?
- What should people prepare before a strong storm?
- What kinds of disaster help does your community provide?
References
- Department of Human Settlements and Urban Development, "Housing agencies implement moratorium on loan amortization in areas affected by monsoon rains, typhoons." Source
- National Housing Authority via Philippine Information Agency, "NHA nagpatupad ng moratorium sa amortization at lease payments." Source
- Philippine News Agency, "NHA orders moratorium on housing loan amortization, lease payments." Source
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