Development Bank of the Philippines President and Chief Executive Officer Emmanuel Herbosa (2nd from left) shows the memorandum of understanding with Department of Human Settlements and Urban Development (DHSUD) representatives, formalizing the bank’s support to the latter’s housing program. Also in photo are (from left) DHSUD Secretary Jose Rizalino Acuzar, Quezon City (QC) Mayor Ma. Josefina Belmonte, QC Vice Mayor Gian Carlo Sotto and QC Second District Rep. Ralph Wendell Tulfo. CONTRIBUTED PHOTO
STATE-owned Development Bank of the Philippines (DBP) has signed an agreement with the Department of Human Settlements and Urban Development (DHSUD) for the crafting of a financing scheme that would provide affordable and decent homes for informal settlers, a top official said.