Pag-IBIG Fund, DMCI Homes sign deal to offer up to 3,990 condominium units
Pag-IBIG Fund has partnered with DMCI Homes to expand condominium options for members under the Expanded 4PH Program. The agreement, signed on Oct 16, will see up to 3,990 units offered at preferential prices with affordable financing.
Pag-IBIG Fund and DMCI Homes signed a partnership agreement on Friday, Oct 16, to give Filipino homebuyers more condominium options under the government's Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program. The memorandum of understanding was signed at the Pag-IBIG Fund Corporate Headquarters in Makati City by Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta and DMCI Homes President Alfredo R. Austria.
Department of Human Settlements and Urban Development (DHSUD) Secretary and Pag-IBIG Fund Board Chairman Jose Ramon P. Aliling welcomed the partnership, which adds DMCI Homes to Pag-IBIG Fund's network of developer partners. "President Ferdinand R. Marcos, Jr. has directed us to expand access to decent and affordable housing for Filipino families. By partnering with leading developers, we bring together private-sector expertise and Pag-IBIG Fund financing to offer members more housing choices and help advance the Expanded 4PH Program," Mr. Aliling said.
Under the agreement, DMCI Homes will identify participating residential projects and available units, including ready-for-occupancy properties, and offer preferential pricing and other incentives to qualified Pag-IBIG Fund members. Pag-IBIG Fund will provide affordable housing financing, loan counseling, and assistance to qualified prospective homebuyers.
The first DMCI Homes project accredited by Pag-IBIG Fund is Anissa Heights in Pasay City. Accreditation is underway for other Metro Manila projects including Allegra Garden Place, The Erin Heights, The Oriana, Cypress Towers, Dansalan Gardens Condominiums, East Raya Gardens, Maricielo Villas, Mayfield Park Residences, Palm Grove Residences, Raya Garden Condominiums, Rhapsody Residences, Rosewood Pointe, and Tivoli Garden Residences, as well as Alea Residences in Bacoor City and Verdon Parc in Davao City.
Ms. Acosta said the partnership will give members more condominium choices, including ready-for-occupancy units that may be offered at preferential prices. "Once the necessary accreditations are completed, we expect to offer up to 3,990 units. Combined with Pag-IBIG Fund's affordable housing financing and promotional rates of 4.5% and 5.75% per annum, these options can help qualified members move closer to owning a home that meets their needs and budget," she said.
Prospective homebuyers can also visit the 2nd National Housing Expo on Oct 19 and 20 at the SMX Convention Center Manila, MOA Complex, Pasay City, where DMCI Homes will join more than 80 participating developers offering thousands of housing options, special promotions, and on-site Pag-IBIG Housing Loan assistance.
