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The government announced that it will provide a 5% annual interest to the beneficiaries of the low-cost housing program for 10 years. [5] In December 2023, Pag-IBIG approved ₱ 12 billion credit line for the National Housing Authority, which will finance the development of 9,110 housing units nationwide (4,111 units in Quezon City , 1,377 in ...
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG Fund (acronym of its Filipino name: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno [a]), is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable ...
The following government agencies and corporations are attached to the department for policy and program coordination: [6] Home Development Mutual Fund (HDMF, but popularly known as Pag-IBIG Fund) Human Settlement Adjudication Commission (HSAC) National Housing Authority (Philippines) (NHA) National Home Mortgage Finance Corporation (NHMFC)
The company's low-cost housing units and lots were made more affordable through the government's Home Development Mutual Fund (HDMF, also known as Pag-IBIG Fund) housing loan program. [2] [3] Globe Asiatique's first residential housing project was the Santa Barbara Villas I subdivision in San Mateo, Rizal launched in 1994.
The total cost for the Build Better More program is ₱9 trillion. [13] Pambansang Pabahay Para sa Pilipino – The national housing program of the Philippines which was launched in 2022, with a goal of zero informal settlers by 2028. The Marcos administration aims to build around 1 million housing units annually until 2028.
The Housing and Urban Development Coordinating Council (HUDCC) was the umbrella agency of various housing and development offices of the Philippine government. It was established by President Corazon Aquino through Executive Order No. 90, Series of 1986.
The National Housing Authority (NHA) is a government agency responsible for public housing in the Philippines. Established on July 31, 1975, it is organized as a government-owned and controlled corporation under the Department of Human Settlements and Urban Development as an attached agency. [4] NHA gate NHA corporate center, Vertis North
During that period, the Fund became the most profitable government corporation and was consistently listed in the top ten corporations in the Philippines. In 2008, the Pag-IBIG Fund was awarded the United Nations Scroll of Honour for its outstanding and innovative housing programs, a first for any Philippine government agency.