Pag-IBIG approves P815 M for 5,000 homes

The Home Development Mutual Fund, commonly known as Pag-IBIG, has approved P815 million in financing for the construction of over 4,500 homes as part of the flagship housing program of the government.

- LOUISE MAUREEN SIMEON

In a statement, Pag-IBIG said the amount would be used to build 17 medium to high-rise condominium buildings in San Mateo in Rizal, which will be called the Juan Tahanan project.

This will be under the government's Pambansang Pabahay para sa Pilipino Housing (4PH) program.