Pag-IBIG Fund continues housing fairs in South Luzon, Visayas to expand access to homeownership
Pag-IBIG Fund continues its housing fair series, which will showcase more than 20,000 units from the agency and its partner developers.
The South Luzon fair is set on April 27 and 28 at the Jose Rizal Coliseum in Calamba City, Laguna, while the Visayas fair is scheduled on April 30 and May 1 at the IEC Convention Center Cebu. The two fairs seeks to bring more housing options closer to Filipino workers and their families.
Decent, affordable housing
The housing fairs, which follow the earlier Central Luzon leg, formed part of the efforts of the Department of Human Settlements and Urban Development (DHSUD) and Pag-IBIG Fund, under the Marcos administration’s Expanded Pambansang Pabahay para sa Pilipino Program, to bring housing supply, affordable financing, and government assistance closer to more Filipinos.
“We continue to heed the call of President Ferdinand R. Marcos Jr. to make decent and affordable housing more accessible to Filipino families through the Expanded 4PH Program,” said DHSUD Secretary Jose Ramon P. Aliling, who also chairs the Pag-IBIG Fund Board of Trustees.
“By continuing these housing fairs in South Luzon and the Visayas, Pag-IBIG Fund is bringing together leading private developers, Pag-IBIG Fund’s affordable financing programs, and government assistance in one accessible venue, so that more workers can move from simply hoping for a home to actually taking concrete steps toward owning one,” Aliling said.
Housing loan program
The housing fairs will include socialized housing units under the Expanded 4PH Program, among them Pasinaya Heights in Laguna, where a unit priced at P1.404 million may be purchased at a monthly amortization of as low as P2,257.91 in the first year, and Asenso Yuhum Residences in Bacolod, where a 24-sqm condominium unit priced at P1.059 million may be acquired at a monthly amortization of as low as P1,703.08 in the first year.
These affordable monthly payments are made possible through Pag-IBIG Fund’s Housing Loan Program under the Expanded 4PH, which offers a subsidized 3 percent interest rate for the first five years of the loan term, with the possibility of extension for another five years for eligible borrowers.
In addition, Pag-IBIG Fund is currently offering an Early Bird Promo, under which the first 30,000 qualified borrowers may enjoy the same 3 percent interest rate for the first 10 years of their loan, further easing the path to homeownership.
Meanwhile, Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said the agency’s home loans enables low-income and other qualified members, including overseas Filipino workers, to access decent housing at monthly amortizations that are often lower than prevailing rental costs.
“Through Pag-IBIG Fund’s affordable housing loan programs, many families may now find that what they would otherwise spend on rent can already be used to start paying for a home they will eventually own,” Acosta said.
“This allows members not only to realize possible savings on monthly housing costs, but also to build long-term household stability, equity, and a more secure future. Through these housing fairs, we are making that opportunity more tangible by bringing housing options and financing guidance together in one venue,” she added.
