SHDA backs Pag-IBIG Fund’s bulk sale of acquired assets to provide affordable shelter financing for Filipino workers

The Subdivision and Housing Developers Association (SHDA), together with Pag-IBIG Fund, urged several groups and employers to access the government’s affordable shelter financing program through the Fund’s bulk and group sale of its acquired assets.

During its recent fourth Kapihan titled “Own a Home for Less: Pag-Ibig Fund Acquired Assets For Bulk Sale,” Pag-IBIG Fund Home Lending Operations Cluster Deputy CEO Marilene Acosta emphasized that part of the agency’s mandate is to ensure that the housing loan programs consider all stakeholders involved and that it caters to both the demand and supply of the housing industry.

“This is why we manage the Pag-IBIG Fund prudently to keep our interest rates low and our home loans affordable. This is also why we have inclusive programs that cater to all Philippine workers, including the socialized housing market,” Acosta said.

The virtual event focused on how members can purchase Pag-IBIG Funds’ bulk and group sale of its Real and Other Properties Acquired (ROPA) or acquired assets through their employers.

Members are entitled to a 40 to 45 percent discount upon approval of their loan of at least P10 million worth of properties.

With the considerable discount on buying bulk sales, Pag-IBIG Fund and SHDA urged cooperatives to extend their services to their employees to access the government’s affordable housing.

SHDA national president May Rodriguez said, “For over 50 years, SHDA has remained steadfast, not only in articulating the advocacy of the housing industry but also in championing the welfare of the member developers and providing its members more opportunities.”