PHINMA Community Housing (CoHo), the community housing segment of PHINMA Corporation, has officially commenced its first project in Davao City.
The groundbreaking ceremony, held on November 20 at Tugbok District, marks a significant milestone in PHINMA’s mission to address the country’s estimated 6.5-million housing backlog by providing affordable and dignified homes for low-income workers.
The event was led by PHINMA CoHo President and CEO Luis M. Oquiñena, PHINMA Corp. Chairman and CEO Ramon R. del Rosario, Jr., and CoHo Directors.
The project aims to provide over 500 underserved families with their first homes, creating a safe and supportive community for them to thrive.
“Here at PHINMA Community Housing, we want to fulfill the housing aspirations of low-income families by providing them homes they can call their own. It’s not just about building houses—it’s about giving these families safe, secure spaces where they can make their dreams come true and become part of a supportive, dignified community,” said Mr. Oquiñena during his opening remarks.
PHINMA CoHo’s housing solution is designed to transition minimum wage earners from rental housing to homeownership.
The project integrates essential amenities such as a community-based enterprise, daycare facilities for children, and skills training programs for residents seeking additional income opportunities.
“We are honored to celebrate PHINMA Community Housing’s very first development here in Davao—a significant step for us as we expand our mission to more communities across the country,” said Mr. del Rosario.
“This project represents hope and opportunity—not just for the families who will live here, but for the broader Davao community that will benefit from a safer, stronger, and more inclusive environment.”
PHINMA Corp. Vice Chairman Dr. Magdaleno B. Albarracin, Jr. emphasized the importance of prioritizing the needs and aspirations of underserved families in the development of affordable and beautiful homes.
“We take care of our customers, and our customers will take care of us. It’s not only about self-interest, because the profit will follow. What’s important is that we are serious about working to fulfill their dreams of having a beautiful home,” he said.
PHINMA Corporation is investing P250 million into PHINMA Community Housing, aiming to replicate its success in education by catering to underserved communities. The housing units are expected to launch commercially in the first half of 2026.
