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.
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://gangzhifhm.com
- DSWD program reduced hunger
- Kneecap to play Paris concert in defiance of objections
- Roxas matriarch Judy Araneta-Roxas, 91
- Bolsonaro verdict looms as Brazil coup trial closes
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
- Guyana votes amid oil boom, Venezuela tensions
- Aid flotilla with Greta Thunberg set to sail for Gaza
- Konektadong Pinoy Bill has lapsed into law — Palace
- Mexican senators come to blows after heated debate
- Van Gogh Museum 'could close' without more help from Dutch govt
