Officials from the Department of Human Settlements and Urban Development (DHSUD) and the Home Development Mutual Fund, also known as the Pag-IBIG Fund, conducted a site inspection in Cabuyao, Laguna on Thursday and turned over housing units under President Ferdinand Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino Program (4PH).
A ceremony was conducted on Thursday and, according to Pag-IBIG, highlighted the government's "continuing efforts to help more Filipino families gain access to decent and affordable housing."
Housing Secretary Jose Ramon Aliling and Pag-IBIG Fund Chief Executive Officer Marilene Acosta, along with other government officials and representatives from the private sector, inspected Pasinaya Heights, which is described as "one of the pioneering condominium developments in South Luzon under the Expanded 4PH Program."
At the ceremonial turnover, Aliling said this event reflected the Marcos administration’s "commitment to make homeownership more accessible to more Filipinos."
“President Marcos has been clear in his directive: decent and affordable housing must be brought closer to Filipino families, especially workers who need government support the most. Pasinaya Heights shows what can be achieved when government, Pag-IBIG Fund, and responsible private developers work together. Through the Expanded 4PH Program, we are turning the President’s housing directive into actual homes that Filipino workers can afford,” Aliling said during the event.
According to Pag-IBIG, 300 of its members bought units in Pasinaya Heights through its home financing program.
Pag-IBIG said Pasinaya Heights is a 2.5-hectare socialized condominium development consists of four seven-story residential towers with more than 2,700 housing units, and also features amenities that includes a swimming pool, covered basketball court, playground, day care center, health care center, and open spaces for its residents.
Acosta said the new condominium project under the Pag-IBIG Fund shows how the Expanded 4PH Program and the agency's Housing Loan work together in helping Filipino workers getting their own their homes by means of "affordable" monthly payments.
“Every peso saved from monthly housing payments matters to our members. It can help pay for food, education, health care, utilities and other daily needs of the family. Through the Expanded 4PH Program and Pag-IBIG Fund’s subsidized Housing Loan rate for socialized homes, Filipino workers now have a real and practical path to owning a safe and decent home. In doing so, we help ease the monthly burden of Filipino families, bring homeownership within their reach, and allow them to build a better future under a Bagong Pilipinas,” she said.
