Manila:Socialized housing financing has witnessed a significant surge following the introduction of a 3 percent subsidized home loan rate under President Ferdinand R. Marcos Jr.'s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program. Pag-IBIG Fund reported a remarkable increase in socialized housing financing during the first nine months of 2026.

According to Philippines News Agency, socialized housing financed for minimum wage and low-income members rose by 173 percent compared to the same period in 2025. A total of 10,904 socialized housing units were financed, a substantial increase from the 3,987 units financed the previous year.

The financing for socialized housing increased by 172 percent to PHP12.10 billion from PHP4.45 billion, raising its share of all homes financed by Pag-IBIG Fund to nearly 16 percent, compared to just 7 percent in the same period last year. Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling highlighted that the president's directive to make decent and affordable housing accessible is yielding meaningful results.

Under the Expanded 4PH, Pag-IBIG Fund offers the lowest 3 percent subsidized home loan rate to qualified members for socialized housing units, including both condominium and subdivision developments. This initiative was among the first changes made by Aliling to the original 4PH upon his assumption last year, expanding the program from a single modality of vertical housing to include options like house and lot packages, lots only, rental housing, and the Enhanced Community Mortgage Program.

Pag-IBIG Fund also introduced promotional rates of 4.5 percent for home loans up to PHP4.9 million and 5.75 percent for loans amounting to PHP10 million and below. From January to September, Pag-IBIG Fund reported financing 68,514 homes worth PHP111.29 billion, up from 59,789 homes worth PHP93.03 billion during the same period last year, representing a 15 percent increase in homes financed and a 20 percent rise in housing loan releases.