DBP, Ormoc City seal P300M loan agreement for housing project

DBP has approved a P300-million loan to finance the City Government of Ormoc’s site and land development in support of the flagship national shelter program of President Ferdinand R. Marcos, Jr., a top official said.
DBP President and Chief Executive Officer Michael O. de Jesus said the financing assistance is a maiden approval under the Bank’s Credit Facility for the Pambansang Pabahay Para sa Pilipino (BAHAY-4PH) program, a new lending program designed to complement the priority housing initiative of the Marcos Administration.
“DBP’s latest partnership with the city government of Ormoc is a timely response to the call of President Ferdinand Marcos, Jr. to ensure that all Filipinos are given access to affordable housing,” he said.
Read more through this link: www.dbp.ph/newsroom/dbp-ormoc...