Pag-IBIG partners with Employers for housing

Employees in the private and public sectors will now have more opportunities to acquire decent and affordable homes for their families through Pag-IBIG Fund.

Pag-IBIG Fund President Atty. Darlene Marie Berberabe announced recently that Pag-IBIG is actively engaging employers around the country to partner with the Fund to make home ownership more accessible to their employees.

"Pag-IBIG members comprise of Filipino workers, and the best partners of the Fund to provide them opportunities for home ownership are their employers," Berberabe said.

Berberabe explained that the Pag-IBIG Led Projects is an initiative of the Fund to provide access to decent housing of Pag-IBIG members, particularly in the underserved areas and sectors, as well as add housing inventories for members in the economic zones.

She added that this strategy will also tackle affordability issues and address mismatch between available housing inventories and the members’ requirement.

"We now have seven Pag-IBIG Led projects, which is expected to generate more than 2,000 housing units, and we are looking at another seven potential projects," Berberabe revealed.

The seven confirmed projects are located in Quezon City, Metro Manila; Cainta, Rizal; Bacoor, Cavite; Calamba, Laguna, Miag-ao, Iloilo, and Naga and Lapu-Lapu cities in Cebu, with unit prices ranging from P450 thousand to P2 million.

"We encourage the employers to partner with Pag-IBIG Fund so we can map out a housing plan tailored-fit for the employers capacity and the employees housing needs," Berberabe said, adding that bringing affordable and decent shelter to employees would be easier if a strong partnership binds together the stakeholders of the housing sector.