CFC ANCOP signs contract with SMDC and SMFI for Samar’s Housing Project for Yolanda Survivors

Wednesday, September 19, 2018

A 93 Million budget is set to build a two-hectar Housing Project in Eastern Samar for the Typhon Yolanda Survivors.

Rudy M. Gaspillo, President of CFC ANCOP Global Foundation Inc., Jose Mari H. Banzon, Executive Vice President of SM Development Corporation, Deborah P. Sy, Executive Director SM Foundation Inc., and Melchor M. Mergal, Municapality Mayor of Salcedo, Samar signed a Memorandum of Agreement to construct two hundred houses for Yolanda Survivors in Samar held in Two ECOM Center, Pasay City last May 10, 2018.

CFC ANCOP Global Foundation, Inc. will facilitate the technical and legal due diligence for land acquisition, site development and house construction for the Project with the help of cash distributions from SMDC, and will ensure the whole project development.

SMDC and SMFI, on the other hand, will support the project in the financial sense, and guarantees the sustainability of the project.

The activation of the project will be at beginning of July 2018.

Aside from the houses, the parties also agreed to provide community development programs such as values formation, livelihood training and others to secure the sustainability of the project and to make change work for all the homepartners in starting their new life in this new community.

All parties are hopeful that the two hundred houses will not only provide shelter to the survivors, but will also help them create memories together as a family.

(Andrelene Veloso)

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