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MANILA - The Home Development Mutual Fund (Pag-IBIG Fund) last year financed PHP100.8 billion worth of housing loans, the highest ever released by the agency in a year despite the continuing Covid-19 pandemic. Department of Human Settlements and Urban Development (DHSUD) Secretary Eduardo del Rosario, who also heads the 10-member Pag-IBIG Fund Board of Trustees, said the in-home loan disbursements contributed to the economic recovery efforts of the government. "While the country is still facing challenges caused by the pandemic, I am happy to report that Pag-IBIG released more than PHP100 billion in home loans in 2021, surpassing its best-ever figure which it achieved in 2019, before the health crisis started," del Rosario said in a statement on Friday. Data released by Pag-IBIG Fund showed it released PHP97.28 billion worth of home loans, with interim releases for loans for house construction and renovation amounting to PHP3.5 billion. The amount disbursed in 2021 significan ....
The government has formally institutionalized its intensive drive and measures against illegal activities related to real estate property and other ....
(File photo) MANILA - The government has formally institutionalized its intensive drive and measures against illegal activities related to real estate property and other housing projects in the country. Department of Human Settlements and Urban Development (DHSUD) Secretary Eduardo Del Rosario signed a memorandum of agreement with the representatives of the Real Estate Brokers Association of the Philippines over the weekend to formalize their partnership for a nationwide crackdown against real estate scammers. The move is part of the DHSUD's Special Order No. 2021-002, creating a technical working group (TWG) that will institutionalize the department's intensified drive on anti-illegal real estate practices. The DSHUD, along with the Department of the Interior and Local Government, among other national government and law enforcement agencies as well as REBAP will be adopting a whole-government approach to address illicit transactions and other issues in the housing industry. De ....
(File photo) MANILA The Task Force Bangon Marawi (TFBM) on Thursday assured that the implementation of all the infrastructure projects in Marawi City will continue even beyond the term of President Rodrigo Duterte's administration on June 30. TFBM chief and housing czar, Secretary Eduardo del Rosario, said the government expects the estimated 85 percent of the overall completion rate of the Marawi rehabilitation in the first week of December last year. "So we expect that by June 30, within the administration of the President, 95 percent na ang matatapos natin. Iyong remaining 5 percent itutuloy na lamang dahil ang pondo naman ay nakapaloob sa mga implementing agencies (we can complete the 95 percent. And the remaining 5 percent will be continued since the funds are already given to the implementing agencies)," del Rosario said in an interview at the Laging Handa briefing. Del Rosario is confident that 95 percent of public infrastructure projects will be completed in the ....