MORE than 8,000 house-and-lot units under two housing projects have been turned over by the Department of Human Settlements and Urban Development (DHSUD) and Pag-IBIG Fund following an inspection made by the agencies’ top officials at the sites in Tarlac province.
Housing Secretary Jose Ramon Aliling and Pag-IBIG CEO Marilene Acosta, along with other agency officials, led the inspection of Kaia Homes and Brentwood Residences, both house-and-lot projects in the province under the government’s Expanded Pambansang Pabahay Para sa Pilipino (Expanded 4PH) program.
Acosta said in a statement that she and the DHSUD chief made sure that more quality housing options would reach Filipino families under the 4PH program.
She said Pag-IBIG Fund’s financing programs work hand in hand with the government’s housing efforts to keep homeownership within reach of ordinary Filipino workers.
“Pag-IBIG Fund’s role is to help our qualified members afford these homes through low interest rates and manageable monthly payments that fit an ordinary worker’s budget,” Acosta said.
The Pag-IBIG chief executive encouraged borrowers to keep their housing loan payments up-to-date.
“By paying their housing loans regularly and on time, our borrowers not only keep their accounts in good standing, but also help Pag-IBIG Fund sustain its housing programs and continue offering affordable financing to more Filipino workers and families who aspire to own a home,” she added.
Aliling said the expanded 4PH program has been delivering on President Ferdinand Marcos Jr.’s directive to give every Filipino family a real opportunity to own a home.
“The completed housing units in Tarlac, including homes ready for occupancy, show that the program is not just a promise on paper. These are actual homes being built and turned over to Filipino families,” Aliling said.
“Through stronger collaboration between the public and private sectors, we are moving more Filipinos from aspiration to actual homeownership, and Tarlac is the latest proof of that progress,” the housing czar said.
At Brentwood Residences, officials also led a turnover activity for Pag-IBIG housing loan borrowers who purchased homes in the project, the DHSUD said.
The activity follows a string of recent Expanded 4PH inspections and turnovers in the provinces of Batangas, Pampanga, Nueva Ecija, Laguna, Bacolod and other areas, underscoring the steady nationwide rollout of the administration’s housing program, it added.
Developed by Apec Homes, Brentwood Residences is a 7.4-hectare residential project offering 1,022 town house units priced from P850,000 to P1.2 million while Kaia Homes, developed by Citihomes Builder and Development Inc., is a 47.8-hectare development with 7,066 town house units priced from P999,000 to P1.16 million.
Together, the two projects have a total of 8,088 housing units. Eligible socialized housing units in both developments qualify for Pag-IBIG Fund’s housing loan with a subsidized 3-percent rate under Expanded 4PH, helping keep monthly payments more affordable for qualified borrowers.
