SEN. Bong Go filed Senate Bill 685 on July 16, which seeks the creation of a National Housing Development, Production and Financing Program.
Go files housing development bill
Go said the measure aims to meet the country’s growing social housing demands, particularly among underprivileged and homeless citizens.
Under the bill, the Department of Human Settlements and Urban Development, supported by shelter agencies, would lead the program’s implementation.
Go files housing development bill
The accompanying explanatory statement said the measure “allows local governments to levy a half-percent socialized housing tax on urban land values, with proceeds dedicated to socialized housing and public rental projects.”, This news data comes from:http://ycyzqzxyh.com
”In addition, the bill introduces securitization mechanisms to raise more housing funds through bonds and securities exempted from usual taxes and registration requirements. Private developers will also be incentivized to participate in socialized and low-cost housing projects, with such participation counted toward compliance with balanced housing laws,” it added.
- Villanueva: Regularize contractual govt workers
- Palace rejects Sara's offer of 'free advice' on flood solutions, says to give it to 'Mayor Baste' instead
- Social pension eyed for indigent seniors
- Palace rejects China's 'troublemaker' tag
- Thai Court: PM Shinawatra violated ethics rules
- Super Sale: Pag-IBIG offers 40% off on foreclosed assets
- 'God's Influencer' to become first millennial saint
- PH eyes global partners in biggest railway project
- Napoles gets 55 years for another ‘pork’ case
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
