Manila, Sept. 9 -- The Social Housing Finance Corporation (SHFC) is fast-tracking housing projects under its Enhanced Community Mortgage Program (ECMP).

In a Bagong Pilipinas Ngayon interview on Tuesday, SHFC President and CEO Federico Laxa noted that they aim to approve 34 projects by October this year.

About 14 projects have been approved so far this month, with six more scheduled for approval this week.

"We're averaging around two to three projects a week na inaaprubahan natin (We're averaging two to three projects a week, but we need to accelerate)," Laxa said.

The ECMP, an improved version of the 37-year-old Community Mortgage Program (CMP), goes beyond providing land ownership to informal settlers.

It also addresses community i...