President Marcos yesterday gave assurance that the government would continue working to hasten the fulfillment of its goal of providing every Filipino family an affordable and decent home.
In a speech during the National Housing Expo 2025 in Pasay, Marcos said a house is not just a structure, but a place where personalities develop, love flourishes and dreams are made.
‘That’s why as long as there are Filipinos aspiring to have their own homes, the government will not stop working. The work will not stop. No one will be left behind in the new Philippines,’ the President said.
The administration initially sought to build one million houses per year to address the country’s housing backlog, which has reached 6.5 million. However, the Department of Human Settlements and Urban Development lowered the target to 3.2 million houses as it faced various issues, including typhoons and procedural bottlenecks.
Marcos cited the government’s accomplishments in the housing sector, noting that the Pag-IBIG Fund has so far assisted more than 57,000 members in buying or improving their homes this year. Almost P75 billion in loans were also provided to about three million borrowers, he added.
The administration provides affordable shelters through its flagship housing initiative Expanded Pambansang Pabahay Para sa Pilipino Housing Program.
Low-income earners can avail themselves of housing loans with interest rates as low as three percent per year through the Pag-IBIG Fund. Overseas Filipino workers may also benefit from the low interest rate.
Beneficiaries and graduates of the Pantawid Pamilyang Pilipino Program are also eligible under the housing program.