Pag-IBIG Fund reports record-high P28.09B housing loan releases for Q1 2024

Pag-IBIG Fund’s home loan releases in the first quarter of 2024 reached P28.09B— the
highest amount released by the agency for any January to March period in its history, its
top officials announced during the North Luzon leg of the Stakeholders Accomplishment
Report (StAR) last May 10 (Friday).

From January to March, the amount of home loans released by the agency increased by
P520.81 million compared to the P27.57 billion home loans released during the same
period in 2023. The amount released for the first three months of the year enabled 19,817
members to acquire their own homes.

“Pag-IBIG Fund’s performance for the first quarter of 2024 now stands as the highest in
our history. This means that Pag-IBIG Fund continues to serve more Filipino workers over
the years, enabling their members to have homes that they can call their own. This is in
line with the government’s efforts of resolving the housing backlog and providing a better
quality of life for Filipinos,” said Secretary Jose Rizalino L. Acuzar, who heads the
Department of Human Settlements and Urban Development (DHSUD) and the 11-member
Pag-IBIG Fund Board of Trustees.

Pag-IBIG Chief Executive Officer Marilene C. Acosta led Pag-IBIG Fund in conducting its
semi-annual stakeholder engagement events held in key regions to update members,
employers, and partner-developers, regarding the state of the Fund. Aside from first-
quarter accomplishments, Acosta also reported that the agency has achieved another
banner year in 2023, releasing P126.04 billion pesos in shelter financing – a 7% jump from
the P117.85 billion it financed in 2022.

“We thank our stakeholders, namely the business community, for the timely remittance of
their employees’ monthly savings and loan payments, our partner developers in building
and delivering quality housing projects and accounts, our members who continue to save
with us and choose our loan programs, and our borrowers for their prompt payment on
their loan obligations. Their trust and support have always been instrumental in sustaining
our growth and record-high achievements, and more importantly, in furthering our goal of
providing access to affordable homeownership to more Filipino workers,” Acosta added.

The Pag-IBIG stakeholder engagement sessions kicked off in NCR at the SMX
Convention Center last April 16 and has since been held in Davao City for the Mindanao
leg, Cebu City for the Visayas leg, and Alabang for South Luzon. The North Luzon leg
held in Clark, Pampanga is the last of the stakeholder engagement series for the first
semester. This semi-annual event was attended by more than 2,000 stakeholders

Facebook Comments