Pag-IBIG, Singaporean firm eye building ‘net-zero communities’

Marilene Acosta, the CEO of Pag-IBIG Fund, and Prasoon Kumar, the co-founder and CEO of Singapore-based Billion Bricks, met recently to discuss areas of cooperation in building net-zero communities.

The two leaders believe that this innovative business model will benefit the environment and make homeownership more affordable for Pag-IBIG members.

Net-zero communities are those that produce as much energy as they consume, making them environmentally sustainable.

Billion Bricks plan to build such communities where the income generated from the energy produced will subsidize 20 percent of the monthly amortization of the homebuyers. This will make homeownership more affordable for Filipinos, especially those in lower-income brackets.

Acosta said they are willing to work with Billion Bricks to build net-zero communities in the Philippines as long as it will benefit their members.