Pag-IBIG releases record-high P118B home loans in 2022: Over 100,000 members with new homes

Pag-IBIG Fund released a record-high P117.85 billion in home loans to
finance the housing units of 105,212 members in 2022, its top officials
announced January 18 (Wednesday).

For 2022, the amount of home loans released by the agency increased by
21% or P20.57 billion compared to the P97.28 billion released in 2021.
With the amount, Pag-IBIG financed the acquisition and construction of
105,212 homes for its members, or an increase of 11% from the 94,533
homes financed in 2021.

“We are happy to report that Pag-IBIG Fund has once again set a new
record-high in home loan releases in 2022. This is very good news because
as the amount of home loans we release increases, so does the number of
Filipinos who now have homes of their own. Pag-IBIG Fund’s performance
is a testament to our united and unwavering efforts to resolve the country’s
housing backlog, in line with the objective of President Ferdinand Marcos,
Jr. under the Pambansang Pabahay Para sa Pilipino Program,” 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 Fund Chief Executive Officer Marilene C. Acosta, meanwhile,
noted that the 105,212 housing units financed in year 2022 is also a
record-high, and marks the first time that the agency has financed more
than 100,000 housing units in a single year. She further stated that out
of the total housing units financed by the agency last year, 18,657 or 18%
were socialized housing units which are now owned by members from the
minimum-wage and low-income sectors.

“We at Pag-IBIG Fund have always strived to provide our members – the
Filipino workers, the means to have their own homes through affordable

shelter financing. That is why we take great pride in achieving a record-
high number of housing units financed in 2022 because it means that we have empowered even more Filipinos in gaining their own homes. And, as bwe embark on yet another year, our members can continue to rely on Pag-IBIG Fund to provide them the most affordable home loan in the market, so that they too can achieve their dream of homeownership. That is the Lingkod Pag-IBIG pledge,” Acosta added.

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