MANILA – Up to 3,990 condominium units may become eligible for Pag-IBIG Fund financing under a partnership with DMCI Homes, subject to project accreditation.
The two parties signed a memorandum of understanding (MOU) on Friday to expand housing options for Filipino workers and their families under the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program.
Anissa Heights, located along P. Zamora Street in Pasay City, is the first condominium project accredited under the partnership.
Pag-IBIG Fund said the projects undergoing accreditation include Allegra Garden Place, The Erin Heights, The Oriana, Verdon Parc, Alea Residences, Cypress Towers, Dansalan Gardens Condominiums, East Raya Gardens, Maricielo Villas, Mayfield Park Residences, Palm Grove Residences, Raya Garden Condominiums, Rhapsody Residences, Rosewood Pointe and Tivoli Garden Residences.
Qualified Pag-IBIG Fund members may apply for housing loans of up to PHP10 million.
Members may also combine their incomes with those of up to two co-borrowers, who need not be family members, to increase their borrowing capacity, subject to eligibility requirements and applicable loan terms.
Department of Human Settlements and Urban Development Secretary Jose Ramon Aliling, Pag-IBIG Fund Chief Executive Officer Marilene Acosta, and DMCI Homes President Alfredo Austria led the ceremonial signing, held as part of the National Shelter Month celebration.
The MOU formalizes DMCI Homes’ participation in the Expanded 4PH Program, reinforcing its commitment to providing quality and affordable housing for Filipino families.
Pag-IBIG Fund previously signed separate MOUs under the program with Amaia and Avida, housing brands of Ayala Land Inc.; Filinvest Land Inc.; Rockwell Land Corp.; Robinsons Land Corp.; and SM Land Corp
