Issue of March 11, 2018
     
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PAGIBIG calls for partnership in building sustainable villages
by PIA

The PagIBIG called on local government units of North Luzon to help not only in building housing projects for the Filipino people but also in building sustainable communities.

PagIBIG Senior Vice President Fermin Sta. Teresa made the call during the regional dialogue on Open Government and Participatory Governance at the Albergo Hotel in Baguio City, last week.

The forum was attended by officials and representatives of LGUs from regions I, II, III, and the Cordillera.

Sta. Teresa disclosed that part of the bold reforms that PagIBIG is undertaking is to make home ownership within the reach of every PagIBIG member.

He reported an increasing trend in housing loans. In 2017, its P65.1 billion investments reached out to 80,964 beneficiaries.

For this year, PagIBIG allotted P71.5B for housing projects.

He said PagIBIG wants to partner with LGUs and other community stakeholders to ensure that it is not only implementing housing projects, it is also involved in building sustainable communities. He encouraged LGUs and community partners to first consult possible beneficiaries.

Under a housing project with LGUs, local stakeholders need to make their proposals that include identifying their target beneficiaries. If needed, PagIBIG can also link them to housing developers.

Citing the LGU of Palawan as an example, Sta. Teresa said they already had initial talks on bringing in housing projects in every municipality of the province.

As of 2017, PagIBIG has P491.03B assets and P36B in membership savings.

PagIBIG also registered a net income of P29.44B in 2017 with the highest ever dividend rate of 7.40 percent per annum.


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