Latest news with #PambansangPabahayparasaPilipino
Filipino Times
02-05-2025
- Business
- Filipino Times
Pag-IBIG Fund, NHA, SHFC partner to build nearly 8,000 homes under 4PH program
The Pag-IBIG Fund, National Housing Authority (NHA) and the Social Housing Finance Corporation (SHFC) signed an agreement on Labor Day to construct almost 8,000 housing units in major cities as part of the government's flagship Pambansang Pabahay para sa Pilipino or 4PH Program. Under the agreements, Pag-IBIG Fund will provide project financing to support the construction of housing developments by NHA and SHFC in strategic locations in Valenzuela City, San Fernando, Pampanga, Davao City and Manila. 'We are happy to report that the Pag-IBIG Fund, NHA and SHFC continue to forge strong partnerships in support of the 4PH Program's goal of providing quality yet affordable homes, especially to underserved families,' said Secretary Jose Rizalino L. Acuzar, who chairs the 11-member Pag-IBIG Fund Board of Trustees and heads the Department of Human Settlements and Urban Development (DHSUD). 'In line with President Ferdinand Marcos Jr.'s directive to close the country's housing gap, the DHSUD's key shelter agencies remain united in our mission to ensure that every Filipino family has access to decent and affordable housing.' The new housing projects include a medium-rise condominium with 372 units in Valenzuela City through NHA, as well as mid- and high-rise developments through SHFC: 3,440 units in San Fernando, Pampanga; 1,200 units in Calinan District, Davao City; 2,135 units in Tondo, Manila; and 425 units in Sta. Mesa, Manila. All these projects will be financed through Pag-IBIG Fund's Direct Developmental Loan Program, a facility specially designed by the agency to support the implementation of the 4PH Program. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said the agency is fully aligned with the administration's housing vision and emphasized Pag-IBIG Fund's role in both institutional and individual housing financing. 'This initiative is part of our unwavering commitment to uplift the lives of Filipino workers by providing them with access to safe, decent, and affordable homes,' Acosta said. 'Through our continued collaboration with NHA and SHFC, we are helping build inclusive communities and contribute to the broader goal of national development.' Through its partnership with shelter agencies, Pag-IBIG Fund will not only finance the construction of these projects but also offer end-user housing loans under affordable terms for eligible beneficiaries in line with 4PH guidelines.
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.'
