RVHOA (San Isidro)

  • Status: Complete
  • People Housed: 592
  • Country: Philippines
  • City: San Isidro
  • Partner: PACSII
  • Year Approved: 2005
Total Invested
PHP 19,164,049
Total Invested
$399,356
Delivery of Homes
Total Expected
Completed
Basic
148
148
Project Overview

This project was developed as a pilot, replicating the initial demonstration project KABALAKA on a larger scale. 16.2 hectares of government land was provided, as part of a resettlement scheme that housed families affected by the Iloilo Flood Control Project, a major infrastructure development in Iloilo City. 1.6 hectares was allocated for members of the Homeless People’s Federation of the Philippines Inc.

Due to the high cost of construction materials identified in the KABALAKA project, this development partnered with the JF Ledesma Foundation Inc, a company which provided a cheaper alternative building technology, known as Interlocking Compressed Earth Blocks, to build the houses. In total, 172 core housing units were constructed, fully serviced with household water, electricity and sanitation. Clients were identified through the Iloilo City Urban Poor Network and three different micro-mortgage packages were offered with varying interest rates, loan repayment periods and maximum loan amounts. These allowed homeowners on low incomes to purchase their new houses, with affordable loans that best suited each family’s needs.

148
Homes Completed
148 Homes Sold
148
Homes Occupied
148
Connected to Electricity
148
Connected to Water and Sanitation
1.2
Nearest Employment Area
0.3
Nearest Health Centre
0.15
Nearest Primary School
0.9
Nearest Bus Stop
0.8
Nearest Market
0.15
Nearest Secondary School

Client Data

Household Demographic Data
Household Size
4.00
Proportion Female
47.0
Proportion Children
28.0
Proportion Elderly
3.8
Housing Information
Description Type Number Expected Number Completed Sales Price
(Local Currency)
Monthly Cost
(Local Currency)
Loan Length (months)
Incremental two-storey units Basic 43 43 175000 2250 96
Incremental two-storey units Basic 88 89 130000 1190 144
Incremental one-storey Units Basic 41 16 105000 710 180

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
PHP 19,164,049
$ 399,356
Loans
PHP 19,164,049
$ 399,356

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
PHP 17,680,000
$ 368,430
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
PHP 13,765,156
$ 286,849

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Data last updated on 10/03/2021