THE Home Development Mutual Fund (Pag-IBIG Fund) said it has approved P32.7 billion under the Pambansang Pabahay Para sa Pilipino (4PH) Program as of May.
In a presentation at the Kapihan with Pag-IBIG held in Manila, Pag-IBIG Chief Executive Officer Marilene Acosta said on Monday the amount will finance 25 housing projects totaling 25,129 units across the country.
The report said the Fund has released P4.06 billion to date since the program was launched in mid-2022.
Pag-IBIG has a funding commitment of P250 billion for the 4PH program, the report added.
The P250-billion funding is a continuing commitment beyond the Marcos administration, the agency said.
The funding is available to local government units, developers and/or contractors, as well as the government’s key shelter agencies undertaking 4PH housing programs.
According to the project brief, 4PH is the government’s flagship housing project that aims to provide affordable homes at lower monthly amortization costs through various subsidies for Filipino workers who are members of Pag-IBIG Fund.
Under the program, the Marcos administration has committed to finance 751,494 units during the six-year program, 46 percent higher than the 514,288 financed by the previous administration, Acosta said in her report.
From July 2022 to May this year, Pag-IBIG has financed 270,279 units — about a third of the committed number of units three years into the Marcos administration’s six-year term.
A briefing material on 4PH said housing loan borrowers who will avail of units under the program through a Pag-IBIG Housing Loan enjoy an even lower interest rate than what Pag-IBIG Fund currently provides, which is already considered the lowest in the market.
Pag-IBIG’s home loan rates are as low as 5.75 percent per annum for regular housing and as low as 3 percent for the affordable housing loan.
The Department of Human Settlements and Urban Development (DHSUD) subsidizes up to 5 percent of the loan’s outstanding interest rate.
DHSUD Secretary Jose Ramon Aliling in a statement on June 2, 2025 said more than 50,000 housing units were committed by private developers, particularly those engaged in horizontal socialized housing developments, to the recalibrated 4PH.
Aliling said DHSUD will expand 4PH to include all feasible modalities to improve private sector participation and to cover more beneficiaries, particularly the poor.
These include horizontal developments or subdivision-like housing projects. Prior to this, 4PH was focused only on vertical or condominium-type developments.
Pag-IBIG Fund said its 4PH-Direct Developmental Loans provide the program proponents and property developers with financial means to develop housing projects and affordable yet quality housing units for Filipino workers. Interested buyers, on the other hand, can avail of the 4PH Housing Loan and enjoy interest and amortization subsidies and borrower friendly loan terms.
State-owned Philippine News Agency reported in January 2025 that 56 projects under 4PH were being simultaneously developed across the country as of end-2024.
Some of these projects are the 4PH Pili Housing in Camarines Sur; Cinco Novaliches in Quezon City; Abuab Towers in San Mateo, Rizal; Deparo Housing and Bankers Housing in Caloocan City; Asenso Yuhum Residences in Bacolod City and the Palayan City Township in Nueva Ecija.
