Pag-IBIG Fund Essay

Pag-IBIG is an acronym which in turn stands for Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno. In place, Pag-IBIG harnesses these several sectors of your society to supply its people with sufficient housing through as powerful savings plan.

Coverage These kinds of guidelines shall cover the development and structure of low priced housing products in Community Manila and highly urbanized cities, and socialized housing units in the provinces by Pag-IBIG Fund. Objectives To supply low-cost and socialized home and great deal packages/condominium units either for hire or available for sale to low income Pag-IBIG members who have cannot afford the housing plans available in the market. To enable Pag-IBIG Account to perform the mandate by making use of its money to provide respectable and inexpensive condominium models as well as property and whole lot packages on the market to suitable Pag-IBIG Pay for members across the country.

To activate competition that will bring about better housing deals in terms of price and advancement that will redound to the profit not only of Pag-IBIG Account members although also in the public generally. To help resolve the real estate backlog by simply generating further demand for enclosure through the dotacion of cost-effective condominium units and residence and great deal packages. To equitably deliver nationwide economical opportunities generated from enclosure production, and the process, stimulate stability as a result of economic advancement.

To provide an opportunity for Local Government Units (LGUs) to conform to R. A. 7279 by simply identifying and providing property for socialized housing. To simplify and facilitate the processing of end-user funding for suitable Pag-IBIG Finance members, considering the fact that the projects are held by Pag-IBIG Fund. To build up further feeling of possession, pride and confidence amongst members with the Fund, learning fully very well that the tasks being built are direct investments created from their financial savings with the institution.

To generate more membership to Pag-IBIG Pay for. To develop and dispose bought properties from the Fund.