IT’S not only the developers holding their breath as the country’s election fever heats up. So does the government agency tasked to give affordable housing loans to first-time homebuyers.
“Our net income now (as of end-2015) is P20 billion, (a 24.5-percent increase from P16.22 billion in 2014); for 2016, we are expecting (only) P22 billion, because we are anticipating that there will be a change in administration,” Pag-IBIG Fund President and Chief Executive Officer, lawyer Darlene Marie Berberabe, told reporters in a recent interview.
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