Pag-IBIG Fund has entered into an investment partnership with P.A. Alvarez Properties and Development Corp. (PAAPDC) to accelerate the construction of more than 7,300 affordable homes across 10 housing developments in Batangas, Laguna and Pampanga under President Ferdinand R. Marcos, Jr.’s Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program.
The developments will consist of 80% socialized and 20% economic housing units, expanding the supply of quality, affordable homes in key growth areas across South and Central Luzon and helping meet the housing needs of Filipino workers and their families.
Department of Human Settlements and Urban Development Secretary Jose Ramon P. Aliling, who also chairs the Pag-IBIG Fund Board of Trustees, said the partnership reflects the administration’s continuing efforts to accelerate housing delivery through stronger collaboration with the private sector.
“As we continue to heed the directives of President Ferdinand R. Marcos, Jr., we are strengthening our partnerships with the private sector to accelerate the delivery of affordable homes for Filipino families. Through this partnership, we are bringing together government financing and private-sector capability to increase housing supply, help more Filipino workers achieve the dream of homeownership, create jobs, support industries and drive inclusive economic growth,” Mr. Aliling said.
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