Target: 100k units a year

STARTING this year, state-run Home Mutual Development Fund (Pag-IBIG) targets to finance at least 100,000 housing units per year, following the high home loan take-up logged in 2017.

Pag-IBIG Fund approved P81.8 billion in housing loans last year, which financed 98,311 homes. Of the amount approved, P65.1 billion was released to benefit 80,964 members.

Over 30 percent or 24,705 member-borrowers availed themselves of socialized housing worth P8.9 billion.

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