Pag-IBIG releases record-high P118-B home loans

DHSUD housing project for the informal settlers families in Brgy. San Roque, San Leonardo, Nueva Ecija. (Photo courtesy of DHSUD Facebook page)

By Katrina Gracia Consebido

 

Department of Human Settlement and Urban Development (DHSUD) Secretary Jose Rizalino Acuzar Jr. said they are elated that Pag-IBIG fund set another record-high in home loans in 2022.

“We are happy to report that Pag-IBIG Fund has once again set a new record-high in home loan releases in 2022,” Acuzar said.

“This is very good news because as the amount of home loans we release increases, so does the number of Filipnos who now have homes of their own,” he added.

Acuzar said Pag-IBIG Fund’s performance is a testament to its “united and unwavering efforts” to resolve the country’s housing backlog in accordance with the administration’s “Pambansang Pabahay Para sa Pilipino” Program.

In 2022, Pag-IBIG Fund CEO Marilene Acosta noted that the agency financed a record-high of 105,212 housing units. 

The agency likewise financed a total of 18,657 socialized housing units in 2022, 18% of which are not owned by minimum-wage and low-income residents.

“We at Pag-IBIG Fund have always strived to provide our members- the Filipino workers, the means to have their own homes through affordable shelter financing,” Acosta said.

“That is why we take great pride in achieving a record-high number of housing units financed in 2022 because it means that we have empowered even more Filipinos in gaining their own homes,” she added. – gb 

 

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