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.
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.”
”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., This news data comes from:http://fn-hase-hk-ewo.xs888999.com
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Comelec defers BARMM district reconstitution
- DOJ issues lookout order vs Atong Ang, others over missing cockfighters
- Anutin elected as Thailand's new prime minister
- Meeting South Korea, Trump could eye new chance with North
- Konektadong Pinoy Bill has lapsed into law — Palace
- Five journalists among 20 killed in Israeli strikes on Gaza hospital
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
- Iran says open to US nuclear talks, rejects missile curbs
