The City Government of Valenzuela has established a formal partnership with the Social Housing Finance Corporation (SHFC) to provide secure, adequate, and cost-effective housing for 1,632 Informal Settler Families (ISFs) residing in the flood and fire-prone community of Laon, Veinte Reales.

Through the agreement, the SHFC will finance the acquisition of land, site development, and construction of buildings for the LAON housing project using its Vertical Community Mortgage Program (CMP).

The LAON-HOA’S FEDERATION CMP Vertical Housing Project Phase 2 will comprise 11 sets of 3-story buildings, with a construction timeline of 16 months, intended to serve as residences for families in Valenzuela City.

This LAON housing project stands as a significant achievement for Valenzuela City as it continues its endeavors to elevate the well-being of its populace through sustainable housing initiatives.