DBP boosts housing drive with P2-B loan for top developer

State-owned Development Bank of the Philippines (DBP) is boosting its support to the national shelter program of President Ferdinand R. Marcos, Jr. as the Bank formalized a P2-billion loan agreement with a top housing developer for the construction of new housing units catering to low-cost and mid-tier markets, a top official said.

DBP President and Chief Executive Officer Michael O. de Jesus said the Bank will provide bridge financing to local developer PH1 World Landscapes, Inc. for the construction of 8,360 housing units under the Pambansang Pabahay Para sa Pilipino Housing (4PH) program as part of aggressive government efforts to address the housing backlog in the country.

“This collaboration is seen to contribute to the fulfillment of the National Government’s goals of constructing affordable housing units that would unite families, strengthen communities, and generate livelihood opportunities for our countrymen,” de Jesus said.

DBP is the ninth largest bank in the country with total assets of P1.041 trillion and provides credit support to four priority sectors of the economy – infrastructure and logistics; micro, small and medium enterprises; the environment; and social services and community development.

Established in 2022, PH1 World Landscapes is one of the real estate arms of the Megawide Group with ongoing housing projects in Metro Manila, Bulacan, and Cavite. It is among the partners of the Department of Human Settlements and Urban Development, which is spearheading the 4PH program.

De Jesus said the DBP loan will hasten completion of the housing developer’s projects in Caloocan City and the cities of Imus and Bacoor in Cavite, and is expected to generate additional employment opportunities for over 1,000 people.

He said that as of January 31, 2026, the Bank has approved P1.31-billion assistance to two local government units (LGUs) and one developer under its BAHAY-4PH Program, which funds LGUs, housing developers, and contractors participating as project proponents in the 4PH program.

“DBP’s support for these projects is deeply aligned with its core development thrusts and it will continue to explore avenues to support the Marcos Administration in its noble objective to make homeownership more accessible to low-income households,” de Jesus said.