Located in the city of San Isidro, this project involved the construction of 45 homes. This is a resettlement project providing housing for families formerly residing in areas affected by major government-infrastructure projects. This includes families threatened by court-ordered demolition or eviction cases, as well as displacement due to river rehabilitation, road widening and other development projects in the city.
The majority of residents previously lived in informal settlements in makeshift and substandard housing located along roads and waterways. Equipped with access to water, sanitation and energy, these homes are a significant improvement for the homeowners.
The homes utilise an eco-friendly earth-based construction method called Interlocking Compressed Earth Blocks (ICEBs) where the structure uses load-bearing blocks made of limesoil. An efficient and low-cost sanitation system has also been incorporated through the use of recycled plastic septic tanks. The houses were purchased by the clients using mortgage loans that were provided through CoreACS, a microfinance sister company of LinkBuild.
Clients estimated to sit between 41st and 50th percentiles of incomes in Iloilo
|Description||Type||Number Expected||Number Completed||Unit Size (m2)||Sales Price |
|Monthly Cost |
|Loan Length (months)|
|1 storey rowhouse with roofdeck, 34m2 unit on 48m2 plot, extendable to two-storeys||Basic||45||45||34||288000||6277.26||60|
|Finance Description||Finance Source||Interest Rate (%)|
|1 storey rowhouse with roofdeck, 34m2 unit on 48m2 plot, extendable to two-storeys||CoreACS||18.0|
Based on exchange rate on 31/12/2020
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Data last updated on 10/03/2021