Socialized home loans made up 18 percent of the 29,310 units funded by the agency from January to April. In terms of amount, socialized home loans represented 7 percent, or P2.35 billion of the record P31.97 billion home loans released by the agency for the period.
“This is the essence of the BALAI [Building Adequate, Livable, Affordable and Inclusive] Filipino Communities Program of the government’s housing sector towards providing decent shelter for every Filipino family,” said del Rosario, who is also the chairperson of the 11-member Pag-IBIG Fund board of trustees.
Source: Real Estate Daily Report (realestatedailyreport.net)
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