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MANILA - The Home Development Mutual Fund (Pag-IBIG Fund) said Tuesday that it broke its record by releasing PHP40.41 billion in home loans during the first five months of 2022. The home loans from January to May were 15 percent higher than the PHP35.28 billion released during the same period in 2021. Department of Human Settlements and Urban Development (DHSUD) Secretary Eduardo del Rosario, also the chair of the 11-member Pag-IBIG Fund Board of Trustees, attributed the consistent record-high performance of the housing sector to effective policies. "We are happy that the number of Filipino workers who are able to become homeowners through Pag-IBIG home loan programs continues to grow," del Rosario said in a statement. "Our consistent performance also indicates that the home loan policies have been effective, and we expect that these would continue to enable even more Filipino workers to have decent and affordable homes in safe, sustainable, and resilient communities,&qu

Department of human settlementsHome development mutual fund pagFund board of trusteesHome development mutual fundHuman settlementsUrban developmentSecretary eduardo del rosarioManila the home development mutual fund pag ibig said tuesday that it broke its record by releasing php40 41 billion in loans during first five months of 2022 from january to may were 15 percent higher than php35 28 released same period 2021 department human settlements and urban dhsud secretary eduardo del rosarioLso the chair of 11 member pag ibig fund board trusteesTtributed the consistent record high performance of housing sector to effective policies quot we are happy that number filipino workers who able become homeowners through pag ibig home loan programs continues growUot del rosario said ina statement quot our consistent performance also indicates that the home loan policies have been effectiveNd we expect that these would continue to enable even more filipino workers have decent and affordable homes in safeNd resilient communitiesUot he said the five month worth of loans financed quot acquisition and construction 36865 homespercent higher than the 34