Manila, Aug. 19 -- The Pag-IBIG Fund and the Naga City Government have turned over the initial batch of 576 affordable housing units at BellaVita Naga in Barangay Pacol, each priced at PHP350,000, to help local government workers acquire their own homes.

In a news release on Wednesday, the Pag-IBIG Fund said Naga City Employees' Housing Project offers qualified city employees, particularly first-time homebuyers and those in lower salary grades, access to Pag-IBIG Housing Loans.

For the first five years, the subsidized interest rate is 3 percent per annum under the Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program.

The turnover ceremony coincided with the observance of Jesse Robredo Day on Tuesday, honoring the legacy...