SEN. Bong Go filed Senate Bill 685 on July 16, which seeks the creation of a National Housing Development, Production and Financing Program.
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., This news data comes from:http://mm-qcep-jm-kpx.705-888.com
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.”
Go files housing development bill
”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.
- White House fires US health agency head after she refused to quit
- Sara favors punishing officials, lifestyle checks
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- Escudero says new lease law to make PH more appealing to investors
- 95 IMAGES OF MARY
- LTO summons driver who berated MMDA enforcer
- Task force cites new threats to media workers
- Xi slams 'bullying' in speech to regional leaders at summit
