Guv extends deadline for Pag-Ibig loan application

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Guv extends deadline for Pag-Ibig loan application
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FORTY-FOUR homeowners’ associations that currently occupy 93-1 lots of the Cebu Provincial Government have another 60 days, or until July 2, 2024, to secure a housing loan from Pag-ibig.In a meeting with Gov. Gwendolyn Garcia on Thursday, May 2, 2024, she decided to extend the deadline, which expired on Thursday, to give them more time to process their documents, which included requirements like a tax declaration and tax clearance.

HistoryOrdinance 93-1, passed by the Provincial Board in 1993, allowed Cebu City residents to own the provincial lots they were occupying after paying the full amortization on the property within two years. A 10-year extension was granted to 93-1 occupants, but the period lapsed in 2004.Efforts for a land swap between Capitol and City Hall were initiated in 2006 to address the plight of the lot occupants, but the talks did not progress.

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