Pag-IBIG Fund took cognizance of its partner developers in providing channels for home acquisition by honoring them on Thursday, March 30, at the Ritz Hotel at Garden Oases.
The top developers in terms of take-out loan value were 8990 Housing Development Corp., Johndorf Ventures Corporation, Agan Land Corporation, VCDU Realty Corporation, Liberty Land Corporation, Gensan VSM Realty Corporation, Jukens Builders and Trade, Davao Joyful Homes Realty Corporation, Moderno Citihomes Development Corporation and Argusland, Inc.
Also recognized during the event were Sarangani Resources Corporation and DOLE Philippines, Inc. for their collaboration towards the development of DOLE Gawad Pag-IBIG I, a housing project located at Polomolok, South Cotabato that ensured the decent and affordable homes available to DOLE Philippine’s employees.
In 2016, Pag-IBIG reached its highest-ever housing loan take-out amounting to P 57.3 billion – a 30% increase from the P 43.93 billion take-out in 2015. Also, from 15.9 million membership level in 2015, Pag-IBIG membership also increased to 17.3 million with almost a tenth of 1.62 million members coming from Mindanao.
“2016 was a banner year for Pag-IBIG Fund and we wish to share this accomplishment with our partner-developers and stakeholders. They are important factor for the Fund to accomplish our goal of providing a channel for our Filipino workers to acquire their own homes,” said Pag-IBIG Officer-in-charge Acmad Rizaldy P. Moti.
Last year, almost 7,500 families in Mindanao availed themselves of a Pag-IBIG housing loan amounting to more than P6.6 billion or 14% higher than the 5.8 billion take out for the region in 2015.
Moti is positive that this 2017 will be a better year for the Fund especially because they target to have a P 70 billion take-out, catering to 100,000 beneficiaries all over the Philippines. For Mindanao, they target to have 8.9 billion loan take-out and hopefully to cater to 10,000 families.
Pag-IBIG operates in Mindanao in 32 strategically-located branches, providing members with easy access to avail of the Fund’s programs and services.
