Pag-IBIG seeks to deliver more housing units

THE HOME Development Mutual Fund (Pag-IBIG) planned to increase the number of Mindanaoans who could avail of housing loans this year on at least 8,972 housing units.

As a government-operated entity, Acmad Rizaldy P. Moti, officer-in-charge of Pag-IBIG, said they hope to reach more Filipinos, especially in Mindanao, where there’s still a vast room for housing development.

“I want to see more housing development in unserved and underserved areas,” Moti told reporters in an interview Friday at Mesa, SM Lanang Premier.

Pag-IBIG, as of last year, loaned P6.63 billion to finance 7,053 housing units in Mindanao. This increased by 14.1% from P5.5 billion in 2015.

Moti said they also hoped to have housing projects that could benefit those living in the island. “My dream is for each and every employee to have very decent homes but at an affordable rate,” he said.

Pag-IBIG has currently projects in partnership with Primeworld Construction and Development Corp.

In partnership with the developer Primeworld, Fermin A. Sta. Teresa Jr., vice president for home lending operations of Visayas-Mindanao Group of Pag-IBIG, said 750 housing units have been developed in Mintal, Davao City and Polomolok, South Cotabato.

The housing units, he said, are for the employees of Philippine Association of Detective Protective Agency (Padpao), which has sealed a deal with the company.

“This is co-financed by Pag-Ibig, where the beneficiaries have to only pay P450, 000 at an annual interest of 4.5%,” Sta. Teresa said.

Apart from the project with Padpao, he said a housing project, which would initially have 120 units, is also being developed in Polomolok, South Cotabato for the workers of the pineapple producer Dole Philippines.

“The housing loan is payable up to 30 years,” Sta. Teresa said.

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