Lhoopa Promoting Green Affordable Housing Project: Report and Recommendation of the President

Reports and Recommendations of the President | October 2023

The project entails a senior revolving credit facility to Lhoopa with an initial credit limit of $5,000,000, which may be increased to $10,000,000 and $20,000,000 subject to defined performance criteria. The assistance of the Asian Development Bank (ADB) will support Lhoopa to provide affordable housing to average income earners in the Philippines and is strongly aligned with the government’s goal of eliminating the country’s housing backlog by 2030. 

The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.

This document dated October 2023 is provided for the ADB project 56165-001 in the Philippines.