8990 Holdings, Inc. was named the top developer for Visayas and Mindanao and received several other citations during the virtual StAR Awards organized by the Home Development Mutual Fund or commonly known as Pag-IBIG Fund on September 24, 2021.
Aside from being cited for Best in Conversion under Special Awards, the mass housing company also placed seventh in Pag-IBIG’s list of top 10 developers for North Luzon during the 2021 Stakeholders’ Accomplishment Report (StAR).
Atty. Anthony Vincent “Bong” Sotto, 8990 Holdings Inc. CEO, represented the company during the virtual awarding.
Department of Human Settlements and Urban Development Sec. Eduardo D. del Rosario, also the chair of the Pag-IBIG Board of Trustees, said the performance update is the agency’s way of remaining transparent and accountable. It reinforces Pag-IBIG’s commitment to continue providing services and benefits to members despite the challenges brought about by a pandemic.
At the same time, it recognizes developers and other stakeholders helping Filipinos realize their dreams of home ownership through the StAR Awards.
Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy Moti said during his report that the hard lockdowns during the first few months of the health crisis affected the number of the agency’s active members, which dropped from more than 14 million in 2019 to only 12.77 million last year.
This number has recovered this year, with the Fund’s active members increasing to 13.22 million as of August 2021. This means people continue to trust Pag-IBIG with their savings.
Housing loan releases for January to August this year also went up to P58.52 billion, the highest released for such a period. Of the figure, P14 plus billion or around 25 percent are for socialized housing.