Pag-IBIG Fund reported it released over P32.7 billion worth of housing loans in the first half of 2018, setting yet another record in the Fund’s history.
The amount disbursed in the first six months of the year was an unprecedented 13 percent or almost P4 billion more than the loans released during the same period in 2017, the agency said in a press statement.
The number of financed homes also increased by 11 percent from 36,139 in the first half of 2017 to 40,094 in the first half of 2018.
Out of all homes financed from January to June, 31.5 percent or 12,639 are socialized housing units with an aggregate value of P4.859 billion, it added.
Housing and Urban Development Coordinating Council Chairperson Sec. Eduardo del Rosario said he was pleased to know that Pag-IBIG Fund was exerting efforts to support the call of President Rodrigo Duterte to help uplift the lives of Filipino families.
This, through the provision of decent, yet affordable housing, which also contributes greatly to the BALAI Filipino (Building Adequate, Livable, Affordable and Inclusive Filipino Communities) program of the government’s housing sector.
Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy Moti said the Fund targetted the takeout of 92,259 housing units for 2018, which is worth P71.5 billion.
“With the amount of home loans released in the first half of 2018, I can confidently say that we are on track to reach our P71.5 billion target by end of the year,” Moti said.”‹