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.
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 philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
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…