MMVHAI 2

  • Status: Complete
  • People Housed: 60
  • Country: Philippines
  • City: Mandaue
  • Partner: LinkBuild
  • Year Approved: 2015
Total Invested
PHP 2,917,200
Average Sales Price
PHP 205,000
Total Invested
$60,791
Average Sales Price
$4,130
Delivery of Homes
Total Expected
Completed
Basic
17
17
Project Overview

This housing project served members of the Sitio Mahayag Alliance of Structure Household Homeowners Association Inc in Mandaue City. Seventeen housing units were constructed on a parcel of land that was acquired through a Community Mortgage Program (CMP). The community members had previously been living in low lying areas of Mandaue City, that were highly susceptible to flooding and unsuitable for development.

The project comprised of two-storey row housing units constructed on plot sizes of 28 square metres. The houses were built incrementally, with an initial core unit that formed a structural frame and roof, with basic plumbing for household water, a septic tank and electrical wiring. Doors, windows, partitions, and other fixtures could then be added in at the homeowners’ discretion. Housing finance in the form of a loan was provided through LinkBuild to allow each household to purchase their new home.

17
Homes Completed
17 Homes Sold
15
Homes Occupied
17
Connected to Electricity
17
Connected to Water and Sanitation
5.52
Nearest Employment Area
1.3
Nearest Health Centre
1.1
Nearest Primary School
0.35
Nearest Bus Stop
1.5
Nearest Market
1
Nearest Secondary School

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 31st and 40th percentiles of incomes in Mandaue

Mean
20,000 PHP
417 USD
40th percentile at year of occupancy PHP 21,181
40th percentile at year of occupancy $441
Household Demographic Data
Household Size
4.00
Proportion Female
38.0
Proportion Children
21.0
Proportion Elderly
11.0
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Sales Price
(Local Currency)
Monthly Cost
(Local Currency)
Loan Length (months)
2 storey shell unit rowhouse, 40m2 unit on 22m2 plot Basic 17 17 22 205000 4346.72 60
Finance Description Finance Source Interest Rate (%)
2 storey shell unit rowhouse, 40m2 unit on 22m2 plot CoreACS 18.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
PHP 2,917,200
$ 60,791
Loans
PHP 2,917,200
$ 60,791

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
PHP 2,064,120
$ 43,014
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
PHP 1,359,080
$ 28,322

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Data last updated on 10/03/2021