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Pag-IBIG Fund's Impact 90,000 Members Gain Homes
Pag-IBIG Fund's Impact 90,000 Members Gain Homes
Title Pag-IBIG Fund's Impact 90,000 Members Gain Homes
The Pag-IBIG Fund has made a significant impact by releasing P129.73 billion in home loans, financing the purchase and construction of 90,616 homes for its members. This remarkable achievement underscores the agency's commitment to helping Filipino workers secure their own homes.
As Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Acuzar noted, Our achievements in home financing this past year underscore our unwavering pledge to make homeownership accessible and affordable for our members. This commitment is reflected in the agency's Pambansang Pabahay Para sa Pilipino (4PH) Program, which aims to provide stronger social protection and improve the lives of more Filipinos.
One notable milestone was the financing of socialized housing units, with P20.17 billion approved for the construction of nearly 18,000 housing units. This effort will make homeownership even more attainable for low-income earners. In fact, 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.
The agency's commitment to affordable home financing extends to its members' ability to choose from various options, including building their own homes, buying residential lots, and acquiring assets acquired by the agency at discounted rates. Members can also opt for brand-new homes under 4PH at subsidized interest rates.
As Pag-IBIG Fund CEO Marilene Acosta emphasized, We are devoted to enabling every Filipino worker to save and achieve their dream of homeownership.... 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.
The Impact of Pag-IBIG's Commitment
Pag-IBIG's commitment to helping Filipino workers secure their own homes has a ripple effect on the community. By providing access to affordable home financing, the agency enables its members to improve their living conditions and build a better future for themselves and their families.
The Role of 4PH in Pag-IBIG's Mission
The Pambansang Pabahay Para sa Pilipino (4PH) Program is a key component of Pag-IBIG's mission to provide stronger social protection and improve the lives of more Filipinos. By financing the construction of nearly 18,000 housing units, the agency is helping to address the country's housing needs and make homeownership a reality for many more Filipinos.
The Benefits of Pag-IBIG Membership
As a member of the Pag-IBIG Fund, individuals can enjoy a range of benefits that enable them to achieve their dream of homeownership. From building their own homes to buying residential lots, members have access to various options that cater to their unique needs and financial situations.
Conclusion
The Pag-IBIG Fund's commitment to helping Filipino workers secure their own homes is a testament to the agency's dedication to providing stronger social protection and improving the lives of more Filipinos. By offering affordable home financing options and supporting the construction of nearly 18,000 housing units, Pag-IBIG is making a significant impact on the community.
Key Takeaways
The Pag-IBIG Fund has released P129.73 billion in home loans, financing the purchase and construction of 90,616 homes for its members.
The agency's commitment to affordable home financing extends to its members' ability to choose from various options, including building their own homes and acquiring assets acquired by the agency at discounted rates.
The Pambansang Pabahay Para sa Pilipino (4PH) Program is a key component of Pag-IBIG's mission to provide stronger social protection and improve the lives of more Filipinos.
Keywords Pag-IBIG Fund, home loans, homeownership, affordable housing, 4PH Program, social protection
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