Latest news with #4PH
GMA Network
22-05-2025
- Business
- GMA Network
Pag-IBIG: P30.22B in home loans released in Q1 2025
The Home Development Mutual Fund or Pag-IBIG Fund said Thursday it has released P30.22 billion in home loans in the first quarter of 2025. In a news release, Pag-IBIG said the amount was 8% higher or over P2 billion more than the P28.09 billion in housing loans disbursed during the same period in 2024. Loan releases in the January to March period also helped finance 20,315 Pag-IBIG members' acquisition of their own homes. "The strong performance of Pag-IBIG Fund in the first quarter underscores its continued commitment to providing affordable housing opportunities for Filipino families," said Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar, who chairs the 11-member Pag-IBIG Fund Board of Trustees. "As we sustain progress in home financing alongside the growing momentum of the Pambansang Pabahay para sa Pilipino (4PH) Program, we heed President Ferdinand R. Marcos Jr.'s call to uplift the lives of our fellow Filipinos by ensuring access to dignified shelter," said Acuzar. Pag-IBIG Fund CEO Marilene C. Acosta, meanwhile, also highlighted Pag-IBIG's vital support for the government's flagship 4PH Program—through which the agency provides financing to developers, contractors and local government units to build housing projects, as well as to individual buyers of 4PH units. In the first quarter alone, the agency said it released P987.91 million under the program, benefiting 669 members and their families who now own homes. "We are grateful to our members and stakeholders for their continued trust and support in our programs," said Acosta. "Our performance in the home loan front demonstrates not only our financial strength, but also our unwavering commitment to make homeownership more accessible for Filipino workers. Pag-IBIG Fund remains focused on providing affordable and reliable housing programs that help build stable and dignified lives for our members," added the Pag-IBIG chief. — VDV, GMA Integrated News
Filipino Times
21-05-2025
- Business
- Filipino Times
Pag-IBIG Fund Home Loan releases reach P30B in first quarter of 2025
Pag-IBIG Fund released P30.22 billion in home loans from January to March 2025, an 8 percent increase—or more than P2 billion higher—than the P28.09 billion disbursed during the same period in 2024, officials announced Wednesday, May 21. 'The strong performance of Pag-IBIG Fund in the first quarter underscores its continued commitment to providing affordable housing opportunities for Filipino families,' said Department of Human Settlements and Urban Development Secretary Jose Rizalino L. Acuzar, who also chairs the 11-member Pag-IBIG Fund Board of Trustees. 'As we sustain progress in home financing alongside the growing momentum of the Pambansang Pabahay para sa Pilipino (4PH) Program, we heed President Ferdinand R. Marcos Jr.'s call to uplift the lives of our fellow Filipinos by ensuring access to dignified shelter.' Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, said the loan releases helped 20,315 members acquire their own homes during the first three months of the year. Acosta also highlighted Pag-IBIG Fund's vital support for the government's flagship 4PH Program, through which the agency provides financing to developers, contractors and local government units to build housing projects, as well as to individual buyers of 4PH units. In the first quarter alone, the agency released P987.91 million under the program, benefitting 669 members and their families who now own homes. 'We are grateful to our members and stakeholders for their continued trust and support in our programs,' Acosta said. 'Our performance in the home loan front demonstrates not only our financial strength, but also our unwavering commitment to make homeownership more accessible for Filipino workers. Pag-IBIG Fund remains focused on providing affordable and reliable housing programs that help build stable and dignified lives for our members.'
Filipino Times
14-02-2025
- Business
- Filipino Times
Pag-IBIG Fund helps 90,000 members gain homes with P130B in housing loans released in 2024
More Filipino workers realized their dream of homeownership in 2024 as Pag-IBIG Fund released P129.73 billion in home loans to finance the purchase and construction of 90,616 homes for its members, officials announced Wednesday, Feb. 12. 'Pag-IBIG Fund has once again demonstrated its commitment to helping Filipino workers secure their own homes,' said Secretary Jose Rizalino L. Acuzar, head of the Department of Human Settlements and Urban Development (DHSUD) and chairperson of the 11-member Pag-IBIG Fund Board of Trustees. 'Our achievements in home financing this past year underscore our unwavering pledge to make homeownership accessible and affordable for our members. As we gain momentum with the Pambansang Pabahay para sa Pilipino (4PH) Program, we continue to heed President Marcos's directive to provide stronger social protection and improve the lives of more Filipinos.' Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta emphasized that the agency's 2024 milestones included financing for socialized housing units, as well as P20.17 billion in approved development loans to support the construction of nearly 18,000 4PH housing units, thereby making homeownership even more attainable for low-income earners. 'In 2024, one in every 10 homes financed through Pag-IBIG was a socialized housing unit, helping 9,082 minimum-wage earners secure a home of their own,' Acosta said. 'We also approved funding for the construction of 17,791 4PH housing units, which will provide more Pag-IBIG members the opportunity to own a home. These are significant steps toward ensuring that Filipino workers, especially those with modest incomes, have access to decent and affordable housing.' She reaffirmed the agency's commitment to ensuring that members have access to affordable home financing under the friendliest terms, thereby giving them greater opportunities to secure their own homes. Through Pag-IBIG Fund's Housing Loan program, members can build their own homes, buy residential lots, purchase ready-to-occupy units, buy out existing home loans from banks, or acquire Pag-IBIG-acquired assets at discounted rates. They also have the option to buy brand-new homes under the 4PH Program, which offers subsidized interest rates. 'We are devoted to enabling every Filipino worker to save and achieve their dream of homeownership,' Acosta added. 'Our members can trust that we will continue to provide the benefits they deserve, so that more of our fellow Filipinos can build better lives for their families.'
