00:00 The Home Development Mutual Fund or Pag-ibig Fund issued a development loan of Php 200 million for projects under the Pambansang Pabahay for the Filipino Program.
00:14 According to the 4PH Project Management Office of the Department of Human Settlements and Urban Development,
00:20 the loan was issued to two private contractors currently carrying out 4PH projects in Luzon and Visayas.
00:29 The contractors received Php 40 million on April 5 and Php 160 million on April 8.
00:39 Aside from this, Pag-ibig first approved the Php 13 billion revolving credit line for the National Housing Authority and Social Housing Finance Corporation to support the 4PH projects.
00:53 DSHUD Secretary Jose Rizalino Acusar said that the loan can be used to help private banks that participated in the 4PH.
01:03 Currently, more than 30 Pambansang Pabahay projects are continuing and currently under development and construction.
