In 2016, the national government completed several medium-rise houses for 300 Manila residents whose slum community was destroyed by a fire in 2011. Meanwhile, the city government plans to retrofit dilapidated tenements within the city, and will construct new housing buildings for the city's informal settlers such as the 14-storey Tondominium 1 and Tondomium 2 buildings, containing 42-square meter, two-bedroom units. The construction of these new in-city vertical housing projects was funded by a loan from the Development Bank of the Philippines and the Land Bank of the Philippines. A multitude of other vertical housing projects are in development.