The Department of Human Settlements and Urban Development on Thursday welcomed the release by Pag-IBIG Fund of a P350-million developmental loan to a private company implementing a township project under President Ferdinand R. Marcos Jr.'s Pambansang Pabahay para sa Pilipino (4PH) Program.

DHSUD Secretary Jose Rizalino Acuzar said he was elated as he witnessed on Wednesday the turnover of the check for an approved developmental loan for PCHC-CSE Builders Joint Venture Company Ltd., which is currently constructing Phase 1 of the Palayan City Township Project in Nueva Ecija.

Pag-IBIG Fund chief executive officer Marilene Acosta handed the check to Atty. Wilma Eisma, who represented the private company. The simple turnover happened during DHSUD's
fifth-anniversary celebration.

"Ito ay lalong magpapatatag at magpapabilis sa implementasyon natin sa Pambansang Pabahay ng ating mahal na Pangulong Marcos Jr.," Secretary Acuzar said.

"Hindi lamang nito masisigurado ang tuluy-tuloy na township development diyan sa Palayan City, more importantly this will further boost the private sector's confidence to the flagship housing program," he added.

The Palayan City Township Housing Project is spearheaded by the local government unit headed by Mayor Viandrei Nicole Cuevas. The mayor expressed her gratitude to Secretary Acuzar and CEO Acosta for initially supporting the LGU project designed to benefit 1,076 families.