Simplify the following text for a Grade 8 native English-speaking person.
Original: President Manuel L. Quezon became the first Filipino resident of MalacaÃ ang Palace ( President Aguinaldo lived in his house in Cavite and took office at Barasoain Church ) ; since then it has been the President 's official residence . After his inauguration on December 30 , 1953 , President Ramon Magsaysay issued an Executive Order formally changing the name from `` MalacaÃ ang Palace '' to `` MalacaÃ ang : Residence of the President of the Philippines . ''
Simplified: MalacaÃ ang Palace is the official home for the President of the Philippines .