Pag-IBIG Fund has partnered 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 comprise 80 percent socialized housing and 20 percent economic housing units, expanding the supply of affordable homes in key growth areas in South and Central Luzon and addressing 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 underscores the administration’s efforts to speed up housing delivery by strengthening its collaboration with the private sector.

“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,” Aliling said.

Infusion via preferred shares

To finance the construction of the housing developments, Pag-IBIG Fund will subscribe to preferred shares to be issued by PAAPDC amounting to P2.9 billion, payable in tranches. The investment will earn a fixed annual return of nine percent over the next three years.

The investment underwent Pag-IBIG Fund’s comprehensive evaluation process, which included an assessment of the proposed developments, their locations, and market demand, PAAPDC’s financial and operational capacity, and the safeguards incorporated into the transaction to ensure the continued protection of members’ savings.

Pag-IBIG Fund chief executive officer Marilene C. Acosta said the partnership reflects the fund’s continuing commitment to help more Filipino workers achieve homeownership while prudently investing members’ savings to generate secure and sustainable returns.

“This partnership demonstrates how Pag-IBIG Fund fulfills its dual mandate of helping more Filipino workers achieve the dream of homeownership while prudently investing and growing our members’ savings,” she said.

“By supporting the construction of more than 7,300 affordable homes through a prudent investment that provides stable returns, we protect our members’ hard-earned savings, sustain competitive dividends and strengthen our capacity to finance even more homes for Filipino workers,” Acosta added.

Pag-IBIG Fund is likewise assessing additional investment partnerships with qualified housing developers as part of its continuing efforts to accelerate the construction of socialized and affordable homes while generating secure and sustainable returns for members’ savings.

In the first half of 2026, Pag-IBIG Fund released P69.19 billion in housing loans to help 43,051 Filipino workers acquire their own homes. Socialized housing financing more than doubled during the period, with 6,601 minimum wage and low income members securing homes under the Expanded 4PH Program.