Issue of March 11, 2018

Panagbenga Flower Festival
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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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PWU Baguio
Technical Education & Skills Development Authority – CAR
University of Baguio

Baguio Central University
Baguio Country Club
Benguet Electric Cooperative Inc.
Bureau of Fisheries and Aquatic Resources – CAR
Congressman Ronald M. Cosalan
Department of Health – CAR
John Hay Management Corporation
National Grid Corporation of the Philippines
New Media Services
Pag–IBIG Fund
Pines City Colleges
Sangguniang Panlungsod

Assumption Medical Diagnostic Center
Baguio Center Mall
Baguio Water District
Choobi Choobi
Congressman Mark O. Go
Councilor Leandro B. Yangot Jr.
Curamed Pharmacy
Department of Environment and Natural Resources – CAR
Department of Public Works and Highways – CAR
Department of Science and Technology
Fabulo Beauty and Image Salon
Far East Pacific Commercial
Filipino–Japanese Foundation of Northern Luzon, Inc.
Ganza & Solibao Restaurants
Gen. Benjie B. Magalong
GMS Technology
Governor Crescencio C. Pacalso
Mayor Mauricio G. Domogan
Mayor Romeo K. Salda
Mother Earth Deli Basket
Nagomi Spa
Narda’s / Sunflower Ridge
Northern Luzon School for the Visually Impaired, Inc.
Our Lady of Mt. Carmel Montessori, Inc.
Philex Mining Corporation
Police Regional Office – CAR
Regional Development Council – CAR and National Economic and Development Authority – CAR
Regional Tripartate Wages and Productivity Board – CAR
SN Aboitiz
Tony Boy Tabora
Veterans Bank
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