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://xiitmxc.yamato-syokunin.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.
- Quezon City hails directive for national projects to get local permits
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- Roxas matriarch Judy Araneta-Roxas, 91
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- PH to host seafarers’ welfare forum
- Head of main US health agency abruptly dismissed
- Govt preparations for WorldSkills PH hosting go 'full blast'
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- Lacson to give Dizon 'damning' proof vs DPWH 'rotten fruits'
- SC orders comment on petitions vs polls
