BELLAVITA Land Corp., the socialized housing arm of Ayala Land, Inc. (ALI), has turned over 110 homes to Naga City government employees, the first batch under a 1,011-unit housing program.
The homes were turned over on Aug. 18 at the BellaVita Naga village in Barangay Pacol, ALI said in a statement on Wednesday.
The program was established through a memorandum of agreement between BellaVita and the Naga City government. Under the agreement, the city’s Housing and Settlements Development Office facilitates employee participation and coordinates with the Home Development Mutual Fund, or Pag-IBIG Fund.
Qualified employees acquire the homes individually through Pag-IBIG housing loans.
“It took Mayor Robredo and the entire Naga City government, Secretary Aliling and the Department of Human Settlements and Urban Development (DHSUD), and Pag-IBIG Fund under Chief Executive Officer Marilene Acosta, all choosing to build a bridge together, so that the very people who keep this city running, who process the permits, clear the streets, and answer the calls at City Hall, could come home to an address of their own, here in the same city they serve,” ALI Chief Sustainability Officer Robert S. Lao said.
Naga City Mayor Maria Leonor G. Robredo led the ceremonial turnover alongside Pag-IBIG Fund President and Chief Executive Officer Marilene C. Acosta, Social Housing Finance Corp. President and Chief Executive Officer Federico Laxa, DHSUD Assistant Secretary Johnson Domingo, and Mr. Lao.
Ms. Robredo said the units formed part of a fully developed village with completed homes, roads, water and electricity connections, and a multipurpose hall.
The remaining units will be turned over in succeeding phases as qualified employees complete the acquisition process.
Separately, ALI residential brands Avida Land Corp. and Amaia Land Corp. signed a memorandum of understanding with the Pag-IBIG Fund on Aug. 12 to explore special rates on selected homes for qualified members.
The Pag-IBIG Fund recently increased its maximum housing loan amount to P10 million per borrower. — Juliana Chloe A. Gonzales
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