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The Home Development Mutual Fund or Pag-IBIG Fund's allocation of P250 billion for President Ferdinand Marcos Jr.'s "Pambansang Pabahay para sa Pilipino" highlighted the inclusivity of the flagship housing program.
Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar said that the funding will have a huge impact to the roll out of the housing projects.
"This highlights that President Marcos' Pambansang Pabahay para sa Pilipino Program is inclusive," Acuzar said.
The Housing czar also expressed his gratitude to Home Development Mutual Fund chief executive officer Marilene Acosta for her all-out support.
"With this funding support, we are very optimistic on the roll out of Pambansang Pabahay. We are on the right track," Acuzar said.
Acosta, for her part, welcomed DHSUD's direction in fast-tracking, coordinating and bringing together all relevant sectors to usher the Marcos administration's flagship housing program into fruition.
She cited the significance of collective efforts in promoting inclusive growth and how it will largely benefit minimum wage earners, low-income earners and the sectors considered as underserved and unserved who depend on the government to provide them with opportunities for homeownership.
"I have high hopes that this partnership will lead the way and show other local government officials that they are not alone in solving the housing problems in their areas. With our LGUs providing areas for housing development that have access to livelihood, education, and basic services, not only are we providing homes, we are building productive communities," Acosta said.
Pag-IBIG Fund earlier committed P250 billion as loan fund available for homebuyers, LGUs, developers, contractors and other qualified stakeholders under the "Pambansang Pabahay para sa Pilipino Program."