PAG-IBIG fund chief executive officer Acmad Rizaldy Moti has marked a 15-percent increase in nationwide loans to acquire homes from January to May the current year, citing that the amount released as of May financed the acquisition and construction of some 36,865 homes for Pag-IBIG Fund members, 5 percent higher than the 34,979 homes financed during the same period last year.
According to Moti, out of the total number of homes financed, 6,787 or 18 percent were socialized housing units which are now owned by minimum-wage and low-income workers and their families.
“Last year, we surpassed the PhP100-billion level in home loan releases, a feat we previously thought was impossible. This year, with our record-high home loan releases from January to May, we are optimistic that Pag-IBIG Fund is well on its way to yet another banner year,” he noted.
In addition, the January to May 2022 home loan figures were also tagged to have surpassed the agency’s own record of PhP35.28 billion released in 2021, considered the highest ever amount released during the first five months of any year in its history.
In a statement, Pag-IBIG Fund board chief Eduardo del Rosario, also the secretary of the Department of Human Settlements and Urban Development, proudly enthused that Pag-IBIG has set a new record in home loan releases to begin the first five months.
“We are happy that the number of Filipino workers who can become homeowners through the Pag-IBIG home loan programs continues to grow. Our consistent performance also indicates that the home loan policies we have set in place have been effective, and we expect that these would continue to enable even more Filipino workers to have decent and affordable homes in safe, sustainable, and resilient communities,” Del Rosario stressed.
