Manila: Pag-IBIG Fund is investing PHP2.9 billion in a housing partnership to finance the construction of more than 7,300 affordable homes in Batangas, Laguna, and Pampanga under the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program.
According to Philippines News Agency, Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling, who also chairs the Pag-IBIG Fund Board of Trustees, announced the agency's collaboration with P.A. Alvarez Properties and Development Corp. (PAAPDC). This partnership underscores the government's commitment to engaging with private developers to expedite the provision of housing.
Secretary Aliling emphasized the importance of the collaboration, stating, "As we continue to heed the directives of President Ferdinand R. Marcos Jr., we are strengthening our partnerships with the private sector to accelerate the delivery of affordable homes for Filipino families." He further noted that the partnership would leverage government financing and private-sector capabilities to boost housing supply, facilitate homeownership, generate employment, support industries, and promote inclusive economic growth.
The Pag-IBIG Fund aims to deliver homes across 10 developments in the three provinces of Luzon, with a composition of 80 percent socialized and 20 percent economic housing units. This initiative seeks to broaden the availability of affordable homes in southern and central Luzon regions.
Aliling detailed that Pag-IBIG will subscribe to PHP2.9 billion in preferred shares issued by PAAPDC, with the investment disbursed in tranches. The shares will yield a fixed annual return of 9 percent over three years. The Fund assured that a thorough assessment was conducted to evaluate the proposed projects, their locations, market demand, and PAAPDC's financial and operational capacity, along with measures to safeguard members' savings.
Marilene Acosta, Chief Executive Officer of Pag-IBIG Fund, highlighted the dual mandate of the Fund, which is to assist Filipino workers in achieving homeownership while responsibly managing and increasing members' savings. "By supporting the construction of more than 7,300 affordable homes through a prudent investment that provides stable returns, we protect our members' hard-earned savings, sustain competitive dividends, and strengthen our capacity to finance even more homes for Filipino workers," Acosta said.
Furthermore, Acosta indicated that Pag-IBIG is evaluating additional investment partnerships with qualified housing developers to further support the construction of socialized and affordable housing. She noted that in the first half of 2026, Pag-IBIG released PHP69.19 billion in housing loans, aiding 43,051 Filipino workers in acquiring homes. Additionally, financing for socialized housing more than doubled during this period, enabling 6,601 minimum-wage and low-income members to secure homes under the Expanded 4PH Program.
