Pag-IBIG in talks with top developers for socialized housing boost

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February 18, 2026 | 12:00am

MANILA, Philippines — The Home Development Mutual Fund (HDMF), more popularly known as Pag-IBIG Fund, is in discussions with some of the country’s top developers regarding potential investments and funding support for the construction of premium-quality, affordable housing units under the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH).

“We are in talks with the top contractors and developers,” Pag-IBIG Fund chief executive officer Marilene Acosta told The STAR.

According to Acosta, among the companies they are in discussions with are DMCI, Phinma, DataLand Inc. and P.A. Alvarez Properties and Development Corp.

“We have a lot of modalities. We can invest in preferred shares. We can provide a development loan. It depends on their needs,” she said.

Pag-IBIG Fund earlier entered into an investment and partnership agreement with Megawide Construction Corp. to deliver more than 7,000 housing units in Dasmarinas, Cavite, under the Expanded 4PH over the next two years.

The agreement involves HDMF’s participation as an investor in the 4PH housing projects through a subscription to perpetual preferred shares issued by Megawide Dreamrise Residences Inc. amounting to P10 billion, payable in three tranches.

“We hope this will serve as inspiration to other contractors. We are talking to three or four more (developers and contractors). Hopefully, we can also start this year projects similar to that of Megawide,” Pag-IBIG Fund deputy chief executive officer Alex Aguilar said.

The Pag-IBIG Fund, the country’s largest home financing institution, is mandated to provide accessible savings and affordable housing loans to Filipino workers.

Aside from end-user financing, Aguilar said Pag-IBIG also funds developers and contractors through developmental loans.

“They use the developmental loan to build and construct homes. By doing that, we are helping the industry to produce more homes,” Aguilar said.

Acosta said HDMF is willing to invest more in Megawide, depending on the results of their initial partnership. “Yes, we are interested. That will be another tranche,” she said.

Megawide chairman and CEO Edgar Saavedra said he welcomes more players joining the Expanded 4PH.

“We will be happy if there is more competition that will come in because of the huge demand. We welcome other developers to come in,” he said.

Saavedra said the new Expanded 4PH program would change how people view socialized housing in the country.

“This will give a chance for our common Filipino homebuyers to own decent houses that are comparable or even better than any of the top developments in the country at an affordable price. Of course, this is coupled with affordable home loans under the 4PH program being offered by Pag-IBIG,” he said.