MAKATI CITY, PHILIPPINES — CARD Mutually Reinforcing Institutions (CARD MRI) and Cadence Properties, The ICCP Group’s newest company, signed a joint venture agreement on August 6, 2025, at the Makati Sports Club, establishing Cadence-CARD Property Ventures, Inc. (CCPV).
The partnership aims to develop affordable, high-quality residential communities to help reduce the national housing backlog, beginning with an inaugural project in Bay, Laguna.
“We are honored and very happy to now be able to collaborate with CARD MRI, which is known for its success for building grassroots economic empowerment,” said Guillermo D. Luchangco, Chairman and CEO of The ICCP Group. “For me, today’s partnership between CARD MRI and Cadence Properties embodies a shared resolve to raise the standard of living and nurture sustainable communities for more Filipinos.”
Leonardo B. Dayao Jr., President and CEO of Cadence Properties and current Chairman of the Subdivision and Housing Developers Association (SHDA), emphasized the project’s impact: “This project will expand homeownership opportunities for the underserved income deciles, including CARD MRI members and beyond. We’re very eager to be able to help more families realize their dream of owning their own home.”
Dr. Jaime Aristotle B. Alip, CARD MRI Founder and Chairman Emeritus, highlighted the significance: “This is our first time working on a housing project—a dream come true not only for CARD MRI, but for many of our clients. A safe and secure home is more than just four walls and a roof—it is one of the foundations to break free from poverty.”
The ICCP Group, with over 36 years of experience, is a diversified Philippine conglomerate engaged in investment banking, venture capital, exhibition halls operations, and property development. CARD MRI, a mission-driven organization serving nearly 10 million clients, empowers Filipino families through microfinance, microinsurance, and livelihood programs.
CCPV reflects a forward-thinking approach balancing commercial viability with social impact for inclusive community development.
