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Wednesday, September 23, 2015
Pag-IBIG receives accolades from socialized housing developers for reforms and performance
Photo: OSHDP President Atty. Christopher Ryan T. Tan (second from right) and OSHDP Board Adviser Jesus Atencio (leftmost), together with other OSHDP Officers, present the plaque of appreciation to Pag-IBIG Fund President and CEO Atty. Darlene Marie B. Berberabe (third from right).
Pag-IBIG Fund recently updated members of the Organization of Socialized Housing Developers of the Philippines (OSHDP) at their 6th National Convention with the Housing and Urban Development and Coordinating Council (HUDCC) at Aseana City in Paranaque. Pag-IBIG President and CEO Atty. Darlene Marie B. Berberabe presented Pag-IBIG accomplishments affecting socialized housing and updates about the agency’s performance for the past five years to an audience of real estate brokers, developers, engineers, and architects.
“Pag-IBIG’s Affordable Housing Loan (HL) Program provides a subsidized HL interest rate to minimum wage earners at 4.5% per annum for 10 years. Pag-IBIG has also formed partnership with different local government units to help them cater to the housing needs of their constituents. We have also adopted the Fixed Loan-to-Value ratio for developer-assisted accounts. Socialized housing projects get 100% for loans up to P450,000,” Atty. Berberabe said.
She discussed the improved HL insurance benefits, outsourcing of collections, increased membership base from 8 million in 2010 to 15.6 million as of July 2015, and increased branches from 38 in 2010 to the current 77 so that members can easily avail of the Pag-IBIG services. “All of these reforms were achieved without increasing the monthly contribution of P100,” she said
Atty. Berberabe mentioned Pag-IBIG’s back-to-back Unqualified Opinion from the Commission on Audit on its Financial Statements for 2012 and 2013, and the Pag-IBIG branches and offices that passed in the 2013 and 2014 Anti-Red Tape Act Report Card Surveys of the Civil Service Commission. A total of 33 branches got “Excellent” scores. She also presented the “new office look” of Pag-IBIG branches as part of enhancing membership experience when availing of the Fund’s services.
After Atty. Berberabe’s presentation, OSHDP Board Adviser Jesus Atencio lauded the reforms initiated by the Pag-IBIG Fund senior management. “It was a very good five years. I know it’s been rough from the start. It’s not important how you started; it’s really how you end. We’ve seen reforms come to fruition and we’re waiting for a few more towards 2016,” he said.
On the other hand, OSHDP President Atty. Christopher Ryan T. Tan expressed his appreciation to the Pag-IBIG President and CEO. “I’m very proud to tell my kids that I became the president and chairman of OSHDP during the time of Atty. Darlene Marie B. Berberabe,” he said.
In January 2015, OSHDP, together with the Subdivision and Housing Developers Association (SHDA), issued statements of support to the Pag-IBIG management at the height of the Senate Blue Ribbon Committee probe, as the Fund faced various allegations.
Atty. Berberabe thanked OSHDP officers and members for their unwavering support for and trust on Pag-IBIG. (end)