PROV’L CAPITOL, Laoag City, Aug. 13–Provincial and city officials, housing developers and Pag-IBIG fund officials held the groundbreaking and unveiling rites for two housing projects located in Laoag City and Batac City respectively last August 8. The projects are intended for government employees and public school teachers who want to own a residential house.
Gov. Imee R. Marcos, assisted by Laoag City Mayor, Michael Farinas, Provincial Administrator Atty. Windell Chua, Home Development Mutual Fund Vice President for Northern Luzon and Pag-IBIG Representative Marilene C. Acosta, and other guests, led the groundbreaking ceremony for the Ayuyang condominium project to be located near the Marcos stadium in Laoag. Due to inclement weather, the ceremonial groundbreaking was held inside La Tabacalera building west of the provincial capitol.
On the other hand, Gov. Marcos, joined by Batac City Mayor Jeffrey Nalupta, SP members Elena Nalupta, Quezon Alejandro, provincial administrator Windell Chua and Pag-IBIG’s Ms. Acosta , unveiled the model homes for the Adigi Homes project located at Brgy. Quiling Norte, Batac City.
“This is a pioneering enterprise that began not too long ago but is finally going to bear fruits today. Thanks to Pag-IBIG,” Gov. Marcos said, noting that the province is the first beneficiary of the Php 50 billion budget allocated by Pag-IBIG for Region 1.
The Adigi housing project received Php 20 million budget allocation from the Pag-IBIG Fund with an interest rate of 6 to 7 percent per annum payable within 3 years upon release. Acosta explained that while other provinces had signed memoranda of agreement with Pag-IBIG to extend financing loan, Ilocos Norte is the first to have the approved developmental loan release.
“This is the first project approved under our group’s housing loan program nationwide,” Acosta said, as she handed Php 10 million check to Gov. Marcos . “Out of the 18,000 Pag-IBIG members in Ilocos Norte, only 300 had availed of the loans,” she added, expressing optimism that more Ilocanos here will seek Pag-IBIG services.
“Ilocanos are now ready to spend,” Gov. Marcos said, citing prospective clients such as those from Mariano Marcos State University, Mariano Marcos Memorial Hospital, other research institutes and national agencies.
Government-employed Batacquenos and their families who are still renting homes will benefit from these viable housing packages and live with decency and comfort in their own new homes, it was learned.
This socialized low-cost housing is sprawled in 4.8 hectares of land and its first phase will give rise to 122 units to be made available to government employees capable of paying housing loan amortization. They can choose among the 30-square meter, the 36-square meter, and the duplex bungalow-types of units.
In Laoag City, the Ayuyang Residences will consist of three low-rise condominiums, each with 30 units which can be availed of by government employees capable of paying monthly amortization.
Besides residential units, the project also have a swimming pool , a clubhouse, and other recreational areas. To be funded to the tune of Php 40 million from Pag-IBIG , construction work is expected to start this year.
“A simple part of the Ilocano dream is to finish schooling and own a home for their family and certainly, we are honored and privileged to be part of that dream,” Gov. Marcos added.
Interested clients are encouraged to inquire at the Provincial Assessor’s Office at the Ilocos Norte Capitol. Only government employees and Pag-IBIG members are qualified.(Grazielle Mae A. Sales/PGIN-CMO)
