This will help P.A. Properties bankroll 20 new housing communities, significantly contributing to reducing the national housing backlog estimated at 6.5 million units.
GSIS will extend P900 million in support while PNB will provide P300 million to the note facility.
The collaboration is a strategic move towards providing more Filipinos with access to affordable housing, aligning with the government's broader housing objectives.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
