DHSUD says P200-M loans released for gov’t’s housing program
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00:00 The Home Development Mutual Fund or Pag-IBIG Fund releases 200 million pesos in developmental loans for housing projects.
00:07 Under President Ferdinand R. Marcos Jr.'s flagship Pambansang Pabahay para sa Pilipino or 4PH program.
00:14 Two private contractors in Luzon and Visayas received 40 million pesos and 160 million pesos loans respectively.
00:22 Pag-IBIG Fund previously released 350 million pesos for the Palayan City Township Project and approved nearly 13 billion pesos revolving credit lines for National Housing Authority and the Social Housing Finance Corporation.
00:36 The Department of Human Settlements and Urban Development or DHSUD stressed the importance of private partnerships in the success of the housing program.
00:45 While Pag-IBIG Fund ensures secure and affordable financing terms for 4PH projects.