Pag-IBIG Fund has financed 18,715 socialized homes of minimum-wage and low-income members from January to September 2019, its top executives said.
Socialized homes make up 29 percent of the 65,375 units financed by the agency in the last nine months. In terms of amount, socialized home loans made up P7.18 billion out of the record-high P58.73 billion home loans released by the agency for the period.
“Pag-IBIG Fund has a socialized housing program designed specifically to help minimum and low-wage workers secure their own homes at the price of renting one. We call it the Affordable Housing Program and it is aligned with President Rodrigo Roa Duterte’s directive to government institutions to carry out programs that address the needs of the underserved sector,” said Secretary Eduardo del Rosario, chairperson of the Housing and Urban Development Coordinating Council and Pag-IBIG Fund Board of Trustees.
The Affordable Housing Program is open to members earning not more than P15,000 per month within the National Capital Region and those earning not more than P12,000 per month if outside of NCR.
