MAKATI CITY — More Filipino families may gain access to additional homeownership options following the September 8, 2026 signing of a memorandum of understanding between Pag-IBIG Fund and SM Development Corp. (SMDC) in Makati City. The partnership expands the selection of SMDC properties that qualified Pag-IBIG members can purchase through Pag-IBIG Housing Loans, including selected units in participating Pag-IBIG-accredited projects offered at preferential prices. The agreement also provides for buyer education and planned homebuyer activities to help prospective homeowners understand available properties, financing options, and application requirements.
Expanding Housing Choices Through Affordable Financing
Under the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, qualified Pag-IBIG members may apply for housing loans of up to PHP 10 million. Promotional rates are set at 4.5% for loans up to PHP 4.9 million and 5.75% for loans above PHP 4.9 million and up to PHP 10 million, available to qualified borrowers until December 31, 2026. The agreement gives members access to a broader range of SMDC developments across different locations and price levels. Additional projects are being developed in areas such as Makati, Mandaluyong, and Pasay, including high-rise, mid-rise, and house-and-lot communities.
Strengthening Private-Sector Support for 4PH
The collaboration supports the Department of Human Settlements and Urban Development (DHSUD) in encouraging private-sector participation in the government’s Expanded 4PH Program under President Ferdinand R. Marcos Jr. By working with established developers such as SMDC, the program seeks to expand the supply of quality and strategically located housing for Filipino workers, particularly those in the middle-income sector. The partnership was witnessed by DHSUD Secretary Jose Ramon P. Aliling, who also chairs the Pag-IBIG Board of Trustees, together with SM Prime and SMDC President Jeffrey C. Lim and Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta.
A Shared Push for Accessible Homeownership
The agreement highlights the complementary roles of government financing and private housing development in making homeownership more attainable. Pag-IBIG Fund emphasized that affordable financing becomes more meaningful when members have suitable homes from which to choose. For workers and families in Makati and other growth areas, the expanded selection of properties provides more opportunities to find homes that align with their location preferences, household needs, and budgets.
