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://tpj-sjpq-mmgy-ad.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.
- Australia halts logging for koala haven on eastern coast
- Construction managers, developers back Housing chief's anti-corruption advocacy
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Bonoan resigned due to command responsibility — Marcos
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- Mayor Sotto slams Discayas, cites lies, ghost firms, and kickback allegations
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Comelec defers reconstitution of BARMM parliamentary districts
- Duterte lawyers take aim at ICC prosecutor
- Epstein victims compiling list of sexual abusers
