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The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG (Pagtutulungan sa Kinabukasan, Ikaw, Bangko, Industriya at Gobyerno) Fund, is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable shelter financing for Filipinos.
De Castro was chairman of the Pag-IBIG Fund when the ₱6.6 billion housing scam involving Globe Asiatique (GA) scam took place. Throughout his vice presidency, de Castro had minimal limelight and was regarded only as "backup" for the then incumbent party coalition if ever President Arroyo was ousted.
The agency responsible for implementation is the Social Security System (SSS), and also the Government Service Insurance System (GSIS), the Philippine Health Insurance Corporation (PhilHealth), and the Pag-IBIG Fund (Home Development Mutual Fund) use the card. The card was also suggested to be used as a voter ID.
During that period, the Fund became the most profitable government corporation and was consistently listed in the top ten corporations in the Philippines. In 2008, the Pag-IBIG Fund was awarded the United Nations Scroll of Honour for its outstanding and innovative housing programs, a first for any Philippine government agency.
Pag-IBIG Fund: Social Security System or Government Service Insurance System members; and Pag-IBIG Fund member: Voter's identification card: Commission on Elections: Registered voters for elections: PRC License ID: Professional Regulation Commission: Professional License
The Government Service Insurance System ( Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a government-owned and controlled corporation (GOCC) of the Philippines. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance institution that provides a defined ...
The corporation sets aside contributions for medical insurance. Home Development Mutual Fund (HDMF or Pag-IBIG) This agency allows provides housing loans with low interest, payable up to 30 years. Private and public firms are also mandated to contribute to the fund on behalf of all its regular employees (RA 7835).
U.S. Department of Education Program Pages Links Access the rules and regulations established by the U.S. Department of Education for each Education Stabilization Fund program. For assistance with your annual report, please contact the help desk at ESSER.GEER.EANS.AnnualReport@ed.gov or HEERF.AnnualReport@ed.gov.