THE Department of Human Settlements and Urban Development (DHSUD), along with the Home Development Mutual Fund, or Pag-IBIG Fund, turned over a thousand house-and-lot units under the government’s Expanded Pambansang Pabahay Para sa Pilipino (4PH) Program.
On Wednesday, Housing Secretary Jose Ramon Aliling, Senior Undersecretary Eduardo Robles Jr. and Pag-IBIG CEO Marilene Acosta, along with PA Properties Chairman Romarico Alvarez, led the ceremonial turnover ceremony at the NuVista Homes subdivision in Lipa City, Batangas.
Aliling said the turnover reflects President Ferdinand Marcos Jr.’s commitment to accessible homeownership for Filipino workers and their families.
“We are pleased to report that the Expanded 4PH Program continues to benefit more Filipinos by helping families gain access to safe, decent and affordable homes... Through stronger collaboration between the public and private sectors, we are able to heed the directive of President Marcos to enable more Filipinos to move from aspiration to actual homeownership,” Aliling said.
“The direction set by President Marcos is clear: build faster, deliver better and make decent housing more attainable for Filipino families,” he said.
Aliling said that the national government “remains focused on sustaining the momentum of the national housing program through stronger coordination with key shelter agencies, other government agencies, financing institutions and private developers.”
NuVista Homes Lipa, which is developed by PA properties, offers a choice of three-unit models: Marya, Yasmin and Solida, with prices ranging from P950,000 to P2.2 million.
According to the Pag-IBIG Fund, the project has a total of 1,160 units ready for occupancy with over 2,000 more to be built.
The Solida, the most affordable model, has a selling price of about P950,000, with a 3-percent subsidized interest rate under the Expanded 4PH Program and monthly amortization as low as P4,005.
Housing officials also inspected Idesia, another residential project of PA Properties in Lipa, that offers units ranging from P3.5 million to P7 million, which may be financed through Pag-IBIG Fund, after the recent increase in the maximum housing loan amount from P6 million to P10 million per borrower.
Acosta said the Expanded 4PH Program makes more quality housing options available to Filipino families, and that the Pag-IBIG Fund continues to make housing more “financially realistic” for more Filipino workers across income segments.
She said the agency’s loan programs support both low-income families seeking socialized housing and middle-income workers looking for homes in the open market.
“Pag-IBIG Fund complements this by making these homes more affordable through financing terms that keep monthly payments within reach... Through our affordable housing loan programs, we help make monthly amortizations lighter and more manageable so that more members can move closer to owning a home of their own,” Acosta said.
“Every peso saved from monthly housing payments matters to our members. It can help pay for food, education, utilities, health care and other daily needs of the family... By offering affordable rates, long repayment terms and monthly payments designed to be easier on the family budget, Pag-IBIG Fund gives more Filipino workers a real and practical path to owning a safe and decent home,” she added.
