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://flft-yyt-anuq-aur.052298.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.
- Pope Leo meets LGBTQ+ Catholic advocate and vows continuity with Pope Francis' legacy of welcome
- Nartatez relieves Fajardo as PNP spokesman
- Comelec defers reconstitution of BARMM parliamentary districts
- Makati earns high rating in anti-trafficking and violence assessment
- Leviste files charges against DPWH engineer who tried to bribe him
- Meeting South Korea, Trump could eye new chance with North
- Immigration deports 49 South Korean fugitives
- Prompt release of educational aids sought
- Rains over Metro Manila, parts of PH as LPA may develop into 'short-lived' tropical depression
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
