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 

 

Popular

Gatchalian-led Senate overhauls committee heads under new majority bloc

By Brian Campued As the Senate convenes for its special session on Wednesday, a new set of committee chairships and memberships have also been elected...

DSWD ready to augment food pack support to quake-affected communities in Mindanao

By Brian Campued Consistent with the earlier directive of President Ferdinand R. Marcos Jr. to ensure sustained relief and recovery efforts following the effects of...

PBBM orders release of P362-M to fast-track rehab of quake-damaged infra in Mindanao

By Dean Aubrey Caratiquet On top of concurrent efforts from various agencies to help Mindanaoans rise from the effects of the magnitude 7.8 earthquake that...

PBBM says anti-corruption drive among gov’t’s top priorities

By Darryl John Esguerra | Philippine News Agency President Ferdinand R. Marcos Jr. on Tuesday said the fight against corruption remains one of the most...