Pag-IBIG Fund Essay

Pag-IBIG is an acronym which stands for Pagtutulungan sa Kinabukasan Ikaw, Bangko, Industria at Gobyerno. In effect, Pag-IBIG harnesses these foursome sectors of our society to abide its members with adequate lodgment through as effectual savings scheme.CoverageThese guidelines shall cover the development and construction of natural depression monetary value housing units in Metro Manila and highly urbanized cities, and socialised housing units in the provinces by Pag-IBIG Fund.ObjectivesTo provide low-cost and socialized support and lot packages/condo units either for rent or for sales event to low income Pag-IBIG members who cannot afford the housing packages available in the market. To enable Pag-IBIG Fund to consummate its mandate by using its funds to provide decent and low-priced condominium units as well as house and lot packages for sale to eligible Pag-IBIG Fund members nationwide. To stimulate competition that impart bring slightly better housing packages in ter ms of price and development that will redound to the benefit not only of Pag-IBIG Fund members but in addition of the public in general. To help solve the housing backlog by generating further demand for housing through the provision of affordable condominium units and house and lot packages.To equitably distribute nationwide economic opportunities generated from housing production, and in the process, stimulate stability brought about by economic development. To provide an opportunity for Local Government Units (LGUs) to comply with R.A. 7279 by identifying and providing land for socialized housing. To simplify and facilitate the processing of end-user financing for eligible Pag-IBIG Fund members, given(p) that the projects are owned by Pag-IBIG Fund. To develop further sense of ownership, vanity and confidence among members of the Fund, knowing fully well that the projects being constructed are localise investments made from their savings with the institution. To generate more membership to Pag-IBIG Fund.To develop and sky acquired properties of the Fund.