Pag-IBIG recognizes South Luzon’s top partner-developers
Pag-IBIG Fund, led by its chief executive officer Acmad Rizaldy Moti recognized its top ten partner-developers in South Luzon in terms of takeout loan value and other top performers at the 2017 South Luzon Home Lending Accomplishment Report (HOLAR) held in Alabang, Muntinlupa City recently.
“In 2017, Pag-IBIG Fund posted record-breaking accomplishments in our housing programs. We breached the P60-billion mark and released P65.1 billion worth of housing loan takeout to finance 80,964 residential units. This includes P8.9 billion to finance 24,705 socialized housing units, which comprised 30.5 percent of the total units. These, along with our reduced interest rates of as low as three percent, are Pag-IBIG Fund’s way of supporting President Rodrigo Duterte’s directive to shelter our fellow Filipinos, especially the low-income and minimum-wage earners; and also the BALAI Filipino (Building Adequate, Livable, and Affordable Filipino Communities) program led by Secretary Eduardo del Rosario, chairperson of the Housing and Urban Development Coordinating Council (HUDCC) and Pag-IBIG Fund Board of Trustees,” said Moti.
Pag-IBIG Fund holds the bi-annual HOLAR to keep its operations transparent by reporting its home loan accomplishments. Deputy CEO Acosta highlighted, “Pag-IBIG South Luzon’s housing loan takeout of P9.44 billion grew by 35 percent from its 2016 figures and comprised 14.5 percent of the corporate total of P65.1 billion. The amount financed 12,129 housing units. The region released P1.49 billion worth of socialized housing, or loans up to P450,000, to finance 3,757 units.”
The event is also to recognize top-performing developers in the country. “Through this event, we hope to make our partnership in the delivery of decent and affordable housing even stronger,” vice president Quiboloy said.