Lumina recognized as ‘Top 1 Developer’ by pag-ibig fund
According to the Subdivision and Housing Developers Association, Inc. (SHDA), an alliance of over 200 private housing developers, there exists a massive housing deficit of 3.9 million units, which could rise up to 6.5 million in 2030 if the issue is not addressed. Lumina realized this issue in as early as 2012 and has since developed over 50 projects nationwide—and continuously growing—to reach thousands of Filipinos in need of affordable housing. Lumina was recently recognized by Pag-IBIG Fund as “Top 1 Developer” among its accredited developers in terms of housing loans takeout—loan value for 2019 at the 2019 Pag-IBIG Fund Chairman’s Report held last Feb. 7, 2020 at the Philippine International Convention Center (PICC) in Pasay City. Lumina jumped from Top 6 in 2016 and 2017 rankings, and from Top 4 in 2018, and also received a special award for having the “most number of Pag-IBIG Fund housing borrowers served” for 2019. Lumina President and COO Estrellita S. Tan thanks Pag-IBIG Fund for continuously listening to industry stakeholders and for finding ways to address issues and concerns through relevant and timely reform initiatives to address the growing housing backlog and contribute to the development of the countryside. “Pag-IBIG Fund has truly given us the confidence to embrace an aggressive stance to expand across the country and to fulfill our commitment to build affordable communities and realize the Filipino dream of home ownership. We look forward to our continuing partnership and better linkage to further strengthen the industry,” she says, adding that Lumina is excited for the full implementation of Pag-IBIG Fund’s virtual platform, under the leadership of its president, Mr. Acmad Moti.