A housing initiative of P101.5 million is released by Pag-IBIG.

In order to finance the construction of the Bocaue Bulacan Manor housing project in Barangay Batia, which aims to provide affordable housing for 1,888 families, the Home Development Mutual Fund has provided a PHP101.5 million loan for President Ferdinand R. Marcos Jr.'s Pambansang Pabahay para sa Pilipino (4PH) Program.

“This release is yet another welcome support that will certainly fire up the implementation of ‘Pambansang Pabahay’ (national program) as we bring the plans into actual development. It is an assurance that we can sustain the construction under the pro-poor 4PH,” Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Rizalino Acuzar said in a news release Sunday.

"Thanks to Pag-IBIG Fund for its continued support to 4PH conceptualized to help uplift the poor through decent yet affordable housing," he added.

One important DHSUD shelter and the main "Pambansang Pabahay" implementation agency is the Pag-IBIG Fund. The Chair of the Fund's Board of Trustees is Acuzar.

The DHSUD, Pag-IBIG Fund, and the LGU are the three parties that have already signed a tripartite memorandum of understanding (MOA) to carry out the project. The implementation specifics and parties' responsibilities are delineated in the MOA.

Two distinct "Pambansang Pabahay" projects in Luzon and Visayas received a total of PHP200 million in developmental loans from the Pag-IBIG Fund, while the Palayan City Township Project received PHP350 million in February. Additionally, the National Housing Authority and the Social Housing Finance Corporation have been granted about PHP13 billion in revolving credit lines by the Fund to support their individual 4PH projects. The public has been reassured by Pag-IBIG Fund Chief Executive Officer Marilene Acosta on the Fund's stability and dedication to the 4PH initiative.

“Pag-IBIG Fund remains capable and ready to provide funding for incoming 4PH proponents through our Direct Developmental Loan Program for the 4PH. More Pambansang Pabahay projects would mean more supply of quality homes at lower-than-market prices,” she said.