PRESIDENT Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino Program continued to deliver new homes to Filipino families as the Department of Human Settlements and Urban Development and Pag-IBIG Fund turned over house-and-lot units at Nuvista Homes Lipa to Pag-IBIG Fund housing loan borrowers who purchased homes in the residential project on Wednesday, June 3.
The turnover followed recent government visits and similar activities in Expanded 4PH projects in Pampanga, Nueva Ecija, Laguna, Bacolod and other areas, reflecting the continued rollout of the administration’s housing program across the country.
DHSUD Secretary Jose Ramon P. Aliling and Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta led the inspection and turnover activity, together with officials of P.A. Properties, the project developer. During the event, Pag-IBIG Fund housing loan borrowers formally received the keys to their new homes. Aliling, who also chairs the Pag-IBIG Fund Board of Trustees, said the turnover reflects the Marcos administration’s resolve to make homeownership more accessible to 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,” Aliling said. “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 continued rollout of the Expanded 4PH Program shows that the President’s housing directive is being translated into actual homes for more Filipinos.
“We will continue to accelerate housing delivery, strengthen partnerships and expand access to homeownership in more areas across the country,” Aliling said. “The direction set by President Marcos is clear: build faster, deliver better and make decent housing more attainable for Filipino families.”
Aliling, who recently marked his first year since his appointment as DHSUD secretary, said the 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 is developed by P.A. Properties and offers house-and-lot units under three models, Marya, Yasmin and Solida, with prices ranging from P950,000 to P2.2 million. The residential project has a total of 1,160 ready for occupancy units with over 2,000 more units set for construction.
The project’s socialized housing component will be offered through the Solida house model, its most affordable unit option. With a selling price of about P950,000 and the benefit of the 3 percent subsidized interest rate under the Expanded 4PH Program, monthly amortization may be as low as P4,005 for qualified borrowers.
The visit also highlighted how Pag-IBIG Fund’s housing loan programs now support a wider range of homebuyers. Officials inspected Idesia, another residential project of P.A. Properties in Lipa, which offers units priced from P3.5 million to P7 million and may be financed through Pag-IBIG Fund following the recent increase in the maximum housing loan amount from P6 million to P10 million per borrower.
Acosta emphasized that Pag-IBIG Fund continues to make homeownership financially realistic for more Filipino workers across income segments.
“The Expanded 4PH Program is making more quality housing options available to Filipino families. Pag-IBIG Fund complements this by making these homes more affordable through financing terms that keep monthly payments within reach,” Acosta said. “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.”
She said Pag-IBIG Fund’s housing loan programs are designed to support both low-income families seeking socialized housing and middle-income workers looking for homes in the open market.
“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,” Acosta added. “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 noted that Pag-IBIG Fund continues to provide the 3 percent subsidized rate for eligible socialized housing borrowers under the administration’s Expanded 4PH Program, even as it recently raised its maximum housing loan amount to P10 million to serve more Filipino workers seeking homes in the open market. (PR)
