THE Home Development Mutual Fund (HDMF) has partnered with Avida Land Corp. and Amaia Land Corp., which aim to offer special rates on select housing units that qualified members can finance through Pag-IBIG Housing Loans of up to P10 million.
Pag-IBIG CEO Marilene Acosta emphasized the agency’s commitment to working with a growing network of trusted developers to provide members with more quality housing choices and make homeownership more affordable. “At Pag-IBIG Fund, we understand that every member has different housing needs and financial capacities,” Acosta said. “In line with President Ferdinand Marcos Jr.’s directive to expand homeownership, we are working with a growing number of trusted developers to bring our members more quality housing choices and special offers,” Acosta said. By combining these with its affordable rates and housing loans of up to P10 million, Pag-IBIG said it is confident that it can help members find homes they can comfortably afford with monthly payments that may be comparable to or even lower than rent. “In this way, their hard-earned money goes toward a home they can truly call their own and a better future for their families,” she said. Housing Secretary Jose Ramon Aliling, who was also one of the signatories of the memorandum of agreement, hailed the partnership as a key step in advancing the administration’s vision of expanding homeownership through robust government support and private-sector participation. “By helping developers connect their available housing inventory with Pag-IBIG Fund members and affordable financing, we give more Filipino workers quality housing choices within their means while supporting a stronger housing sector,” the housing czar added. He also noted that closer cooperation with private developers supports the Department of Human Settlements and Urban Developments efforts to facilitate compliance with the balanced housing development requirement — helping generate more socialized housing projects and expanding the overall supply of affordable homes. Acosta said Pag-IBIG has introduced a range of financing measures designed to serve members across various income segments.Qualified borrowers under socialized housing may access a subsidized interest rate of 3 percent while those purchasing homes above the socialized housing ceiling can benefit from promotional rates of 4.5 percent or 5.75 percent, depending on the loan amount, the Pag-IBIG chief executive said. Avida and Amaia, both residential brands under Ayala Land, bring their extensive experience and market reach to the partnership, the HDMF said. Avida Land president Raquel Cruz expressed optimism about the expanded opportunities created by Pag-IBIG competitive loan rates and higher loan ceiling. “Our long-standing partnership with Pag-IBIG Fund has helped make homeownership possible for many Filipino families,” Cruz said.Under the agreement, the parties will also explore the registration and accreditation of selected Avida and Amaia projects for developer-assisted housing loan processing, including qualified Amaia projects under the expanded Pambansang Pabahay Para sa Pilipino (4PH) program.
