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., This news data comes from:http://www.ycyzqzxyh.com
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.”
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.
- Thai opposition's kingmaking summit fails to back new PM
- House resolution filed to investigate 'funders' of anomalous projects
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- Sotto ousts Escudero in Senate coup
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Supreme Court censures Marikina judge over parking dispute with PAO lawyer
- ERC amends net-metering rules to expand renewable energy options
- Drones take on Everest's garbage
- President Marcos launches HD Hyundai Shipyard in Subic
- Sarah Discaya grilled by Senate over alleged DPWH links
