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DBP backs housing sector with P900M loan to Cebu developer

STATE-OWNED Development Bank of the Philippines (DBP) has granted P900 million funding support to Johndorf Ventures Corp. (JVC), a Cebu-based real estate developer, in an effort to boost the construction of public housing and address the country s widening housing backlog.

DBP loans P900M to Cebu real estate firm | The Manila Times

Michael de Jesus, Johndorf Ventures Corp. (JVC) president and chief executive officer, said DBP s support to the company, through its Building Affordable Homes Accessible to Every Filipino (Bahay) Program, is expected to bolster the firm s drive to build 39,000 housing units by 2025.

DBP lends P900 million for public housing

DBP lends P900 million for public housing
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DBP lends P900M to Cebu realtor | Jasper Y Arcalas

STATE-run Development Bank of the Philippines (DBP) said it approved a P900-million loan application of a Cebu-based real estate developer Johndorf Ventures Corp. (JVC). DBP President and CEO Michael O. de Jesus said the bank provided financing support to JVC through the state lender’s housing-loan program it calls “Bahay.” The…

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