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Vice President Noli “Kabayan” de Castro, concurrent Chairman of the Housing and Urban Development Coordinating Council (HUDCC) witnesses the signing of the Funding Commitment Line (FCL) between the Pag-IBIG Fund and 8990 Housing Development Corp. (HDC) for its Deca Homes Projects located in Mactan, Minglanilla, Cebu, Danao and Davao Cities. Under the FCL, the Pag-IBIG Fund commits to provide funding support amounting to P638.7 million for the said Deca Homes Projects covering 1,070 housing units. To date, this is the biggest FCL the Pag-IBIG Fund has extended to a single corporation. Deca Homes is a low cost subdivision of two-storey townhouse with average lot size of 38 sq.m. and floor area of 46 sq.m. Its selling price is P698,000.00 for a house & lot package. The target beneficiaries are Pag-IBIG members with average monthly income of not less than P15,000.00/month.

Shown in photo are (L-R) Mariano Martinez director, 8990 HDC, Jesus Atencio, president, 8990 HDC, Vice President & HUDCC Chairman Noli De Castro, Atty. Romero S. Quimbo, president & CEO, Pag-IBIG Fund and Angeles Gultiano, vice president for Visayas Group, Pag-IBIG Fund. (Photo by Patricio Roel Pira)