HOME Development Mutual Fund (Pag-IBIG Fund) has appointed Marilene Acosta as acting chief executive officer (CEO), succeeding Acmad Rizaldy Moti.

“I am grateful for the trust that President Ferdinand Marcos Jr. and our chairman, DHSUD (Department of Human Settlements and Urban Development) Secretary Jose Rizalino Acuzar, have given me on being appointed to this post,” said Acosta in a statement.

She also thanked outgoing CEO Moti and her fellow Lingkod Pag-IBIG for their support, as well as the Organization of Socialized and Economic Housing Developers in the Philippines Inc. and the Subdivision and Housing Developers Association Inc., for the endorsements.

“I assure all of them, as well as our members, partner developers, partner employers and stakeholders, that we at Pag-IBIG Fund shall remain committed in providing them responsive and excellent service,” added Acosta.

Acosta, who hails from Narvacan, Ilocos Sur, has been with Pag-IBIG Fund since 1981. A certified public accountant and Career Executive Service Officer V, she rose from the ranks since starting her career as an accounting clerk in Pag-IBIG Fund’s Baguio Regional Office.

During her tenure as Pag-IBIG Fund deputy CEO for home lending from March 2017 to September 2022, the agency released consistent record highs in housing loans, which enabled a record-high number of members to acquire their own homes.

For his part, Moti hailed Acosta’s appointment. He said that this would ensure continuity in the agency’s directions toward sustaining and building on the many gains it has accomplished over the recent years.

“CEO Acosta’s leadership, excellence, integrity and grit are among the key factors that have enabled Pag-IBIG Fund to accomplish numerous record highs and milestones, particularly in the home financing front,” said Moti.

“Her appointment shall allow the continuity and sustainability of Pag-IBIG Fund’s efforts to uplift the lives of all Filipino workers. I truly wish her and Pag-IBIG all the best,” he added.