The Home Development Mutual Fund or Pag-IBIG Fund has released P200 million worth of developmental loans earmarked for housing projects under the Marcos administration’s flagship Pambansang Pabahay Para sa Pilipino (4PH) Program.
Pag-IBIG fund chief executive officer Marilene Acosta issued P40 million and P160 million in loans to two private contractors implementing 4PH projects in separate sites in Luzon and Visayas, respectively.MANILA, Philippines — The Home Development Mutual Fund or Pag-IBIG Fund has released P200 million worth of developmental loans earmarked for housing projects under the Marcos administration’s flagship Pambansang Pabahay Para sa Pilipino Program.
“More than the actual value of the loan, it’s the confidence that these releases build on our private partners, especially private contractors/developers, that is huge for the success of our Pambansang Pabahay. This is also a big help to encourage private banks to join the 4PH,” DHSUD Secretary Jose Rizalino Acuzar said.
Acuzar stressed the need for the private sector to actively participate in the flagship program to help address the country’s growing housing backlog.
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