MANILA, Philippines — The Kapihan sa Manila Hotel forum examined the state of homeownership in the Philippines. It focused on Pag-IBIG Fund’s role in making housing more accessible and affordable to Filipino workers.
Kapihan sa Manila Hotel Looks at Housing Finance
The forum was held in line with National Shelter Month. Speakers discussed housing finance trends and the number of borrowers and homes financed. They also weighed what billions of pesos in housing loan releases mean for ordinary Filipino workers who aspire to own their homes.
Hon. Marilene C. Acosta, Chief Executive Officer of Pag-IBIG Fund, served as the honored guest. She shared insights into the country’s housing savings and financing programs.
Key Concerns Raised
The discussion highlighted several concerns. These include the growing demand for housing loans and the qualifications needed to secure financing. They also include the capacity of Filipino workers to sustain monthly amortizations amid rising living costs.
The forum also explored possible measures to narrow the gap between the dream of homeownership and the financial realities many Filipino families face.
Former Senator Atty. Joey Lina and former Communications Secretary Sec. Sonny Coloma hosted and moderated the discussion.
Overall, the forum underscored the importance of accessible housing finance, sustainable loan programs, and stronger efforts to help more Filipino workers achieve their dream of owning a home.
