Pag-IBIG Fund releases record-high P65.48 B home loans in Jan-Sept 2021; up 80%
Pag-IBIG Fund again surpassed its own record amid the ongoing pandemic by releasing more than P65 billion in home loans in the last nine months, agency officials announced on Friday (Nov. 5).
From January to September, the agency released home loans worth P65.48 billion, which is the highest amount ever released compared to any previous nine-month period. Compared to recent years, the amount disbursed so far this year grew 80% from the P36.43 billion released during the same period in 2020 and is 11.5% higher than the P58.73 billion
released in the same period in 2019, which is the Fund’s best performing year.
Pag-IBIG, Muntinlupa City launch housing project for LGU employees
Pag-IBIG Fund launched another housing project under its Countryside Housing Initiative, this time in partnership with Muntinlupa City, to provide affordable homes to employees of the local government unit.
The BALAI Munti Housing Project, which consists of 35 medium-rise buildings providing 668 condominium units, shall be made available for employees of the city government who may purchase these units through a Pag-IBIG Housing Loan.