Pag-IBIG Fund and Megawide marked the first topping-off milestone under their partnership on Oct. 1, further advancing President Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino Program as two residential buildings at JAB Residences in Dasmariñas City, Cavite completed their main structural works toward the development of nearly 4,000 housing units for Filipino workers and their families.
The milestone comes as the country begins National Shelter Month this October, highlighting the continued progress of efforts to bring more affordable homes closer to Filipino workers. Through the topping-off of the two residential buildings, JAB Residences has completed its main structural works, marking another important step toward the completion of the development. Finishing works and other construction activities will continue before the homes are turned over to qualified buyers. The project consists of 17 five-story buildings, with each 27-square-meter unit priced at ₱1.5 million and available at low monthly payments through the Pag-IBIG Housing Loan.
Department of Human Settlements and Urban Development Secretary and Pag-IBIG Fund Board Chairman Jose Ramon P. Aliling said the topping-off adds to the continuing momentum of Expanded 4PH as the administration works with more partners to increase housing supply while keeping homeownership affordable.
“We continue to heed the direction of President Marcos to make housing more accessible to more Filipino families. That is why we continue to address both sides of the housing equation. As we work with more partners to increase the supply of quality homes at prices our members can afford, we also make sure that financing terms remain within the means of Filipino workers. The progress we are seeing is made possible by the collective efforts of the national government, local governments, Pag-IBIG Fund and our private-sector partners, each contributing what it does best. This milestone is another step forward as we work to bring more homes within reach of more Filipino families,” Aliling said.
The milestone follows President Marcos’ visit less than eight months ago to Megawide Construction Corp.’s precast plant in Taytay, Rizal, where he saw how modern construction methods could help accelerate the delivery of quality and affordable homes under Expanded 4PH. The progress at JAB Residences now gives visible form to that push, with construction continuing toward thousands of new homes.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said the thousands of homes being developed through the partnership show how Pag-IBIG Fund can use its financial strength to help increase housing supply while safeguarding and growing members’ savings.
In 2025, Pag-IBIG Fund invested ₱10 billion in Megawide preferred shares to support the development of 7,143 housing units. The investment earns 9% annually, allowing members’ savings to generate returns while helping support the construction of homes they need.
“Our members entrust us with their hard-earned savings. We have a responsibility to manage these prudently, grow their value and put them to work in ways that also help meet their housing needs. That responsibility extends to using Pag-IBIG Fund’s financial strength to help increase the supply of quality homes at prices our members can afford, while keeping our housing loan rates low so monthly payments remain within their means. For us, what matters most is when these efforts come together to help a member finally receive the key to a home of their own,” Acosta said.
To help members afford the homes being built, qualified socialized housing borrowers under President Marcos’ Expanded 4PH may avail themselves of the Pag-IBIG Housing Loan at a subsidized rate of 3% per annum. Pag-IBIG Fund also offers promotional housing loan rates of 4.5% per annum for loans above the socialized housing ceiling up to ₱4.9 million and 5.75% per annum for loans above ₱4.9 million up to ₱10 million. Both promotional rates are fixed for the first three years and are available until Dec. 31, 2026.
Aliling and Acosta led the topping-off ceremony with Cavite 4th District Rep. Jennifer Austria-Barzaga, Dasmarinas City Mayor Elpidio Barzaga III, and Megawide officials led by Chairman, President and Chief Executive Officer Edgar B. Saavedra.
