Pag-IBIG seeks partnership with LGUs

The Home Development Mutual Fund (HDMFVisayas) is urging local government units (LGUs) to partner with the agency in providing affordable housing units to constituents.

Pag-IBIG department manager III of business development department in the Visayas Rio R. Teves called LGU executives to be pro-active in developing housing projects as the fund has an existing program to help fund mass housing projects initiated by LGUs.

At present, Pag-IBIG is coordinating with LGUs as well as associations and cooperatives encouraging them to venture into mass housing projects, with the help of the agency.

Employees earning P12,000 a month, he said are the target market for mass housing projects, Teves said.

Pag-IBIG in partnership with Housing and Land Use Regulatory Board (HLURB) is now working on a campaign in the countryside areas pre-approved home loans in order to encourage developers to invest on residential projects in non-urban locations.

Teachers, government employees will be able to easily own and live in a gated subdivision or well-developed housing villages with this program.

Pag-IBIG and HLURB will reach out directly to developers to convince them of the ready market via the pre-approved home loans in a certain province or town.

This is one of the ways in order to spread the benefits of taking advantage of the home loan access offered by Pag-IBIG in an all-time low interest rates. — Ehda M.