DHSUD, Pag-IBIG visit Laguna project, hand keys to new condo owners under PBBM’s Expanded 4PH

Officials from the Department of Human Settlements and Urban Development and Pag-IBIG Fund conducted a site inspection and ceremonial turnover of housing units under President Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino Program in Cabuyao, Laguna, on Thursday, May 21. The activity highlighted the government’s continuing efforts to help more Filipino families gain access to decent and affordable housing.

DHSUD Secretary Jose Ramon P. Aliling and Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, together with other government officials and private sector representatives, inspected Pasinaya Heights, one of the pioneering condominium developments in South Luzon under the Expanded 4PH Program.

During the event, Aliling, who also chairs the Pag-IBIG Fund Board of Trustees, said the ceremonial turnover reflects the Marcos administration’s commitment to making homeownership more accessible to more Filipinos.

To date, nearly 300 Pag-IBIG Fund members have already purchased units in Pasinaya Heights through Pag-IBIG Fund’s affordable home financing program.

“President Marcos has been clear in his directive: decent and affordable housing must be brought closer to Filipino families, especially workers who need government support the most. Pasinaya Heights shows what can be achieved when government, Pag-IBIG Fund, and responsible private developers work together. Through the Expanded 4PH Program, we are turning the President’s housing directive into actual homes that Filipino workers can afford,” Aliling said.

The 2.5-hectare socialized condominium development consists of four seven-story residential towers with more than 2,700 housing units. It also features amenities such as a swimming pool, covered basketball court, playground, day care center, health care center, and open spaces for residents.

Acosta said Pasinaya Heights shows how the Expanded 4PH Program and the Pag-IBIG Housing Loan work together to help Filipino workers own homes through affordable monthly payments.

With the program’s subsidized 3% interest rate during the first five years, an eligible borrower buying a Pasinaya Heights unit valued at PHP 1.404 million may pay about PHP 5,919 per month. This is lower than the PHP 8,644 monthly amortization under Pag-IBIG Fund’s regular housing loan rate and is also below many condominium rental rates in nearby Laguna areas.

“Every peso saved from monthly housing payments matters to our members. It can help pay for food, education, health care, utilities and other daily needs of the family. Through the Expanded 4PH Program and Pag-IBIG Fund’s subsidized Housing Loan rate for socialized homes, Filipino workers now have a real and practical path to owning a safe and decent home. In doing so, we help ease the monthly burden of Filipino families, bring homeownership within their reach, and allow them to build a better future under a Bagong Pilipinas,” Acosta said.

Acosta likewise recognized Joy-Nostalg Hearth Corp. for its continued partnership with Pag-IBIG Fund in advancing socialized housing projects nationwide. She noted that the developer has consistently been recognized among Pag-IBIG Fund’s top-performing partners, reflecting its significant contribution to expanding access to affordable housing for Filipino workers.