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://qq-pfqs-iud-tijo.705-888.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.
- US strike marks shift to military action against drug cartels
- Group presses DA on delayed fertilizer subsidies
- 15 drug war victims cleared to join Duterte's ICC case
- Comelec probes 15 contractors for illegal campaign donations
- Modi, Ishiba agree to boost economic ties
- Corruption crackdown: VP Sara Duterte, lawmakers call for deeper probe into government
- Can a giant seawall save Indonesia's disappearing coast?
- Vico encourages citizens on Heroes’ Day to be brave
- Made in China? The remarkable tale of Venice's iconic winged lion
- ‘Gomez ignorant of how media works’
