For Banks and Financial Insitutions - HGC Guaranty Program for Subdivisions and Mass Housing Projects

Developmental Loan Guaranty is a guaranty facility covering loans extended for the development of subdivisions, townhouses, dormitories, apartments and other residential dwellings.

• Facilities
1. Bank's Developmental Loan Program
2. Guaranty on loans for the purchase of construction materials for the development of a specific mass housing project qualified for guaranty.



• Loan Eligibility Criteria

The loan shall be eligible for developmental coverage if it conforms to the following:

1. Loan purpose
2. Loan amount
3. Submission of all the documentary requirements



• Loan Purposes
1. Development of subdivision projects (lot only, house and lot) townhouses and other housing projects that consist of not less than twenty (20) dwellings;
2. Development of apartment, dormitories and other rental dwellings of at least twenty (20) units.



• Guidelines <-- (Link to Guidelines for Developmental Loan Guaranty Program)