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Lhoopa gets $20 million loan for housing projects

Real estate investment firm Lhoopa Inc. secured a $20 million loan from the United States International Development Finance Corp. (DFC).

“The loan will promote affordable housing throughout the country, bringing DFC’s total commitments in the Philippines to USD80 million,” the US Department of States said in a statement/

Last March, Lhoopa also secured $20 million financing from the Asian Development Bank as part of efforts to provide affordable housing for average-income earners in the country.

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