Original disclosure @ DFC website
Updated in EWS May 30, 2025
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According to the Bank’s website, the project will support the acquisition, renovation, and construction of approximately 6,000 affordable housing units for low-income salaried workers throughout the country.
The Project is expected to have a positive development impact in the Philippines by increasing the availability of affordable housing. More specifically, the Project will rely on an innovative tech platform to identify and purchase damaged, undervalued, and foreclosed properties, renovate or builds new units, and sell homes to low-income, salaried workers that are eligible for mortgages through the Filipino government’s affordable home financing program. In addition, the Project is expected to improve access to affordable housing for women and increase the supply of sustainable, EDGE-certified housing units.
$20,000,000, 8-year tenor including 4-year grace period.
Lhoopa is a property technology venture that leverages data & advanced solutions to empower local partners in providing affordable homes in emerging markets.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Lhoopa Holdings Pte. Ltd. | Parent Company | - |
- | - | - | - | Lhoopa Singapore | Client | - |
- | - | - | - | Lhoopa, Inc. | Parent Company | - |
No contacts available at the time of disclosure.
ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.
Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia
ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.
You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability