Manila: The Pag-IBIG Fund announced its ongoing commitment to affordable housing financing, offering a subsidized 3 percent interest rate for socialized housing loans aimed at assisting minimum-wage and low-income earners under the Expanded Pambansang Pabahay para sa Pilipino Program (4PH). This announcement coincided with President Ferdinand R. Marcos Jr.'s 5th State of the Nation Address, where he highlighted the progress in the housing sector that supports Filipino workers in achieving financial security, emergency assistance, and homeownership.

According to Philippines News Agency, the Pag-IBIG Fund has increased its maximum housing loan ceiling to PHP10 million for middle-income families. The agency is also maintaining promotional rates of 4.5 percent for loans up to PHP4.9 million and 5.75 percent for loans exceeding this amount, which will be available until the end of the year. This initiative is part of the broader efforts highlighted by Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling, who emphasized the positive impact of the Expanded 4PH Program, as reflected in the delivery of 575,693 housing units over the past four years.

Aliling further explained that following the President's directives, there will be continuous efforts to strengthen partnerships with the private sector and other government agencies. The focus will be on expanding programs to address the housing needs of Filipinos and maintaining affordable housing loan options, enabling more Filipino families to fulfill their aspirations of homeownership.

Pag-IBIG Fund Chief Executive Officer Marilene Acosta credited the agency's achievements to its robust financial position, bolstered by the trust and participation of its members. She noted that the agency's ability to provide housing assistance is underpinned by the ongoing confidence of its members and the financial stability of the Pag-IBIG Fund.