President Ferdinand Marcos Jr. highlighted the gains achieved by the Department of Human Settlements and Urban Development and Pag-IBIG Fund under the Expanded Pambansang Pabahay para sa Pilipino Program during his State of the Nation Address July 27, reporting that more than 500,000 homes have been built or financed under the administration’s flagship housing program.
Pag-IBIG Fund contributed to this accomplishment by providing affordable home financing to qualified members, its press release said July 28.
Under the Marcos administration, Pag-IBIG Fund has, so far, released P517.45 billion in home loans that financed 379,294 housing units, based on its latest available data. It has also advanced Expanded 4PH by broadening its partnerships with private developers and government agencies to increase the supply of homes suited to members’ needs, offering Pag-IBIG Fund acquired assets as an additional affordable homeownership option, and lowering financing rates to reduce monthly amortizations and make homeownership more attainable for more Filipino families.
“Sa ating programang pabahay, higit limang daang libong bahay ang ating naitayo na at napondohan, kasama ang higit isang daang libong bahay na naidagdag natin sa loob lamang ng isang taon sa ilalim ng pinalawig natin na 4PH program,” Marcos said.
“Nariyan ang DHSUD at mga ahensyang kasapi sa sistema ng pabahay upang matupad ang pinapangarap na tahanan ng Pilipino. Katuwang ang pribadong sektor at lokal na pamahalaan, puspusan nating pinupuno ang kakulangan sa pabahay sa buong bansa. Ito ay ginagawa natin sa pamamagitan ng mga bagong komunidad, mga acquired assets ng Pag-IBIG Fund, Community Mortgage Program, resettlements, at pati na mga paupahan,” he added.
Marcos also underscored the central role of affordable financing in turning available housing into homes that Filipino families can own.
Under the Expanded 4PH, Pag-IBIG Fund continues to offer a subsidized three percent rate for socialized housing loans, helping minimum-wage and low-income earners afford their own homes.
To further serve members from the middle class, the maximum housing loan amount has been raised to P10 million, giving them access to a broader range of homes suited to their household needs.
Pag-IBIG Fund is also offering promotional rates of 4.5 percent for loans above the socialized housing limit up to P4.9 million, and 5.75 percent for loans above P4.9 million until year-end. Together, these measures broaden access to homeownership by providing more affordable financing options for members across income segments.
Marcos likewise emphasized the importance of social-protection institutions, such as Pag-IBIG Fund, in providing long-term security to Filipino workers. He said that Pag-IBIG Fund, together with SSS and GSIS, enables workers to save for their future, receive assistance during emergencies, calamities and other periods of need, and build toward owning an affordable home under Expanded 4PH.
DHSUD Secretary Jose Ramon Aliling said the President’s recognition affirms that the directives pursued under Expanded 4PH are translating into more homes, stronger private-sector partnerships and more affordable housing financing through Pag-IBIG Fund for Filipino families.
Pag-IBIG Fund chief executive officer Marilene Acosta also said the President’s recognition reflects how members’ continued trust, together with prudent and responsible management, has strengthened Pag-IBIG Fund and enabled it to keep housing financing affordable while helping more Filipino families achieve homeownership. ||
