THE P12-billion credit line approved by the Pag-IBIG Fund for the National Housing Authority will further bolster the positive momentum of President Ferdinand Marcos Jr.’s Pambansang Pabahay para sa Pilipino (4PH) Program now being rolled out nationwide.
Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar made this observation even as he lauded the Home Development Mutual Fund or Pag-IBIG Fund for its commitment to support the 4PH program.
Pag-IBIG has approved a back-to-back funding for two key shelter agencies – the Social Housing Finance Corp. and the NHA – to fund housing projects under the Pambansang Pabahay flagship program of the Marcos administration.
“Pag-IBIG’s dedication is a huge boost to bringing the ‘Pambansang Pabahay’ to reality. It continuously opens more doors for Filipino people to own a home that is decent yet affordable in sustainable communities,” Acuzar said.
Acuzar also serves as Pag-IBIG Fund board of trustees chairperson.
“This is another solid proof of the Marcos Jr. administration’s relentless effort to uplift the lives of the poorest of the poor,” he said.
Pag-IBIG Fund has approved a P12-billion revolving credit line for NHA intended to finance the development of 9,110 housing units with an initial 6,967 homes to be built in Quezon City, Valenzuela City, Zamboanga and San Juan City as part of the 4PH Program.
It earlier approved the P929-million revolving credit line for the SHFC to finance the construction of 2,264 housing units in Pampanga, Manila City, Misamis Oriental and Davao City.
“We are happy to report that the Pambansang Pabahay para sa Pilipino Program of the Marcos Administration continues to gain momentum. Pag-IBIG Fund’s approval of a revolving credit line for its fellow key shelter agencies… not only shows the government’s united front in addressing the housing backlog but also shows our shared commitment to provide our fellow Filipinos with decent yet affordable shelter in sustainable communities,” Acuzar said.