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Pag-IBIG Fund approves P815M funding to construct more than 4,500 homes in Rizal under 4PH

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The Pag-IBIG Fund has approved an P815-million developmental loan to construct a total of 17 medium to high-rise condominium buildings in San Mateo, Rizal under the government’s Pambansang Pabahay para sa Pilipino Housing (4PH) Program.

The Pag-IBIG Fund has approved an P815-million developmental loan to construct a total of 17 medium to high-rise condominium buildings in San Mateo, Rizal under the government’s Pambansang Pabahay para sa Pilipino Housing Program.

“I am pleased to report that there is a consistent growth of proponents partnering with Pag-IBIG Fund in building sustainable and self-sufficient communities through the 4PH Program. Buyer-beneficiaries of the 4PH will now have access to more affordable and decent homes, in line with President Marcos’ vision to address the housing needs of Filipino workers, especially the underserved,” said Secretary Jose Rizalino L.

Aligned with Pag-IBIG’s commitment to integrity and proper fiscal management, safeguards are implemented including the developer-contractor’s compliance with required permits and accreditations, application of a maximum payment term of three years for the developmental loan, and provisions ensuring the release of funds only for the intended projects.

 

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