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IV. PROJECT COSTS & FINANCING

A. Project Cost

The price of the land has been set at PhP 27.6 million. The construction of all the 20 MRBs meanwhile will cost PhP 83.16 million. In total, the project will require an investment of PhP 101.76 million.

 

B. Project Financing & Repayment Requirement

A bridge financing shall be secured to lock up the BPI property and to construct all the MRBs. The beneficiaries shall be required to put up their own counterpart of PhP 20,000 per family to cover all housing-associated expenses. This is on top of the amortization estimated at PhP 2,400 for both land and unit or PhP 1,000 if the land will be acquired through a grant or donation.

 

 

The proceeds from the repayments will be rolled over to finance other housing projects. This, in effect, serves the purpose of a revolving fund that can be invested in the acquisition of land and/or construction of housing facilities for the other areas of SHaCC.



 
 


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