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.
Go files housing development bill
Under the bill, the Department of Human Settlements and Urban Development, supported by shelter agencies, would lead the program’s implementation., This news data comes from:http://cupibspn.yamato-syokunin.com
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.”
”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.
- China's Xi holds talks with North Korea's Kim in Beijing
- Over 800 killed as quake rocks Afghanistan
- Lacson lauds Leviste for arrest of DPWH engineer who offered P360M bribe
- 'Strangest' dinosaur covered in spiked armory — Scientists
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Go files housing development bill
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- Malabon averts crisis with garbage deal
- Pope Leo meets LGBTQ+ Catholic advocate and vows continuity with Pope Francis' legacy of welcome
