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 President and CEO Michael de Jesus said the bank's support to JVC is under the Building Affordable Homes Accessible to Every Filipino (Bahay) program and is expected to bolster the firm's drive to build 39,000 housing units by 2025.
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