The Department of Human Settlements and Urban Development (DHSUD) on Sunday said the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program makes homeownership more affordable through flexible housing options.
DHSUD Secretary Jose Ramon Aliling said the Expanded 4PH goes beyond traditional housing approaches by ensuring that beneficiaries are matched with programs suited to their financial capacity, whether through ownership, rentals, or incremental development.
Under the Expanded 4PH, qualified beneficiaries, particularly those in the working class, may avail of socialized housing through the Pag-IBIG Fund at a subsidized interest rate of as low as 3 percent per annum for up to 10 years, the lowest in the market today.
This translates to significantly reduced monthly amortizations.
Currently, ovrr 10,000 families have already availed of the said interest rate.
Recognizing that not all families are ready for homeownership, DHSUD has also introduced rental housing as a key modality under the Expanded 4PH.
The option provides immediate, safe, and decent shelter for families-particularly informal settler families and low-income earners without the burden of long-term financial commitment.
The Expanded 4PH now covers a wide spectrum of beneficiaries from the working and middle class to informal sector families through modalities such as vertical and horizontal housing, rental housing, ECMP, incremental housing, and housing under presidential proclamations.
