GSIS advances PBBM’s housing agenda; three government workers in Baguio become full homeowners

BAGUIO CITY – In line with President Ferdinand R. Marcos Jr.’s directive to expand access to affordable housing under the Pambansang Pabahay para sa Pilipino (4PH) Program, the Government Service Insurance System (GSIS) awarded land titles to three government employees in Baguio and Benguet, helping more Filipino families achieve the dream of homeownership.

The title awarding forms part of GSIS’ continuing efforts to provide practical and affordable housing solutions for government workers through the GSIS Pabahay program.

GSIS President and General Manager Wick Veloso led the awarding of Transfer Certificates of Title to Imelda Cristeta D. Villamar of the Philippine Health Insurance Corporation-Cordillera Administrative Region, Aurora T. Valbuena of the Municipal Trial Court in Cities (MTCC)-Baguio, and Lorna A. Bandonill of the GSIS Baguio Branch Office.

“Behind every title is a family that can now plan with confidence, live with peace of mind, and say with certainty that this home is theirs,” Veloso said.

Among the Pabahay program of GSIS is the Lease with Option to Buy (LWOB) where qualified members may first lease a GSIS-acquired property and later purchase it without paying a downpayment, with repayment terms of up to 25 years and interest rates lower than those offered by commercial banks. GSIS also condones penalties for qualified members who remain committed to completing their housing obligations.

“We know that the downpayment is often what prevents many members from taking the first step toward owning a home. Through the Lease with Option to Buy program, we removed that barrier,” Veloso said.

To date, the LWOB program has enabled more than 5,000 families nationwide to become full homeowners. GSIS has also made over 12,000 acquired assets available for acquisition, including 22 properties in the Cordillera Administrative Region—17 in Baguio City, two in Itogon, two in La Trinidad, and one in Tuba, Benguet.

The latest title awarding underscores GSIS’ continuing support for the Marcos administration’s housing agenda by translating national policy into concrete benefits for government employees, giving more families the security of owning a home and a stronger foundation for their future.