PHINMA Community Housing breaks ground on inaugural Davao project
PHINMA Community Housing (CoHo), PHINMA Corporation’s community housing segment, broke ground on its first project in Davao City. CoHo aims to provide low-income workers with affordable and dignified homes and is PHINMA’s direct response to the country’s estimated 6.5-million housing backlog.
Held in Nov. 20 at Tugbok District, the ceremonial groundbreaking and model unit blessing was led by PHINMA CoHo President and CEO Luis M. Oquiñena, PHINMA Corp. Chairman and CEO Ramon R. del Rosario, Jr., and their fellow CoHo Directors. The project will enable more than 500 underserved families to acquire their first houses.
“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.
PHINMA CoHo President and CEO Luis M. Oquiñena shared the company’s vision of fulfilling the housing aspirations of low-income families during his opening remarks at the ceremonial groundbreaking.
PHINMA CoHo seeks to provide a sustainable and holistic housing solution to transition minimum wage earners from rental housing to homeownership. The project also integrates shelter intentionally into a workers’ community which offers amenities addressing this segment’s needs such as a community-based enterprise, daycare facility for children while their parents are at work, and skills training for residents who want additional sources of income.
“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. also emphasized the importance of putting the needs and aspirations of underserved families first in developing their new houses.
“The more important thing for us is to provide beautiful and affordable homes,” said Dr. Albarracin. “We take care of our customers and our customers will take care of us…it’s not only because of self-interest, because the profit will follow…importante na seryoso kami. Nagtatrabaho kami para magawa ‘yung pangarap: ang magandang pangarap [na bahay].”
PHINMA Corporation is directly investing P250 million into PHINMA Community Housing, which also aims to replicate PHN’s success in education in catering to the underserved.
PHINMA Community Housing expects to launch its units commercially in the first half of 2026.