Diversified conglomerate PHINMA Corp. is investing P250 million in its community housing segment, PHINMA Community Housing (CoHo), to develop its first project in Davao City, with commercial units expected to launch in the first half of 2026.

In a report on Friday, the company said its venture into Davao seeks to provide low-income workers with affordable and dignified homes, addressing the country’s estimated 6.5-million housing backlog.

Giving families safe, secure places

“Here at PHINMA Community Housing, we want to fulfill the housing aspirations of low-income families by providing them with 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,” PHINMA CoHo president and CEO Luis M. Oquiñena said.

PHINMA CoHo targets to provide a sustainable and holistic housing solution to transition minimum wage earners from rental housing to homeownership.

The project integrates shelter into a workers’ community and includes amenities such as a community-based enterprise, a daycare facility for children, and skills training for residents seeking additional sources of income.

PHINMA Communiity Housing’s first Davao development

“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,” PHINMA Corp. chairman and CEO Ramon R. del Rosario said.

“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.”

According to the company, PHINMA Community Housing will push to replicate PHINMA Education’s success in catering to underserved communities, expanding the group’s reach beyond its education initiatives.

The project will enable more than 500 underserved families to acquire their first homes.