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://ggauioqj.ycyzqzxyh.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.
- Need to pee? Japan has QR code for that
- Xi and Putin round on West at regional summit in China
- EU massive fine against Google draws Trump’s ire
- DPWH chief rejects calls to resign as he vows to probe corruption in flood control projects
- Palestinian Embassy echoes PH appeal for ceasefire in Gaza
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Group presses DA on delayed fertilizer subsidies
- Co out of country for medical reasons
- President Marcos commits to boosting PH digital infrastructure
- Classes suspended in 10 Metro Manila cities due to rains
