PAG-IBIG Fund has signed an investment partnership with P.A. Alvarez Properties and Development Corp. to help finance the construction of more than 7,300 affordable housing units in Batangas, Laguna and Pampanga under the government's Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program.
Under the agreement, Pag-IBIG will subscribe to P2.9 billion worth of preferred shares to be issued by the developer, with the investment to be released in tranches. The investment will earn a fixed annual return of 9 percent over three years.
The 10 housing developments will consist of 80 percent socialized housing units and 20 percent economic housing units.
Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling, who concurrently chairs the Pag-IBIG Fund Board of Trustees, said the partnership aims to accelerate housing delivery through collaboration with the private sector while increasing the supply of affordable homes.
Pag-IBIG Chief Executive Officer Marilene Acosta said the investment supports the agency's mandate to expand homeownership while generating stable returns to protect members' savings and sustain dividends.
Pag-IBIG said the investment underwent an evaluation of the projects, market demand, the developer's financial and operational capacity, and transaction safeguards before approval.
The agency said it is also evaluating similar investment partnerships with other housing developers.
In the first half of 2026, Pag-IBIG released P69.19 billion in housing loans to 43,051 borrowers. It said financing for socialized housing more than doubled during the period, with 6,601 minimum-wage and low-income members acquiring homes under the Expanded 4PH Program.
