Reversing the 3.9 million unit housing backlog

DO you know what Pag-IBIG, the government’s low-cost and socialized housing agency, stands for? “Pag” is from the first syllable of “Pagtutulungan sa Kinabukasan.” “I” is from ikaw, “B” is from bangko, “I” is from Industriya and “G” is from Gobyerno. Ikaw, Bangko, Industriya and Gobyerno are the four sectors of Philippine society being harnessed by the Pag-IBIG organization to provide its members with adequate housing by helping the members save effectively and thus, afford to have their own houses or condo units.

Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno has been a well-run membership organization.