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Pag-IBIG Fund said Monday it disbursed P77.33 billion in home loans from January to August this year, reflecting an increase of P383 million from P76.94 billion released in the same period last year.
“The continued growth of Pag-IBIG Fund’s home loan releases means that more Filipino workers were able to fulfill their dreams of homeownership. This is a step consistent with the government’s efforts to resolve the housing backlog and provide a better quality of life for Filipinos,” said Secretary Jose Rizalino Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund board of trustees.
Pag-IBIG Fund chief executive Marilene Acosta attributed the fund’s continuous growth to the sustained affordability and reliability of the agency’s housing loan programs for its members.
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