THE Home Development Mutual Fund or Pag-IBIG Fund has recently disbursed its fourth developmental loan worth PHP101.5 million for the administration’s flagship Pambansang Pabahay para sa Pilipino (4PH) Program.
The fund is intended to finance the ongoing development and construction of the Bocaue Bulacan Manor (BBM) housing project in Barangay Batia for Bocaue residents and government employees.
Situated on a sprawling 14-hectare site, the project will have five multi-level condominium buildings, each with 14 floors.
A total of 1,888 families are expected to benefit from this initiative, addressing the need for decent and affordable housing in the area.
The project follows a comprehensive development plan, transforming the area into a sustainable township. Residents will have access to essential amenities, services and sources of income.
“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.
