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://do-wo-vr-ytu.052298.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.
- SC acquits suspect in 2012 killing of Dutch aid worker over doubtful testimonies
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- Malaysia warns TikTok vs cyberbullying, deepfakes
- Hontiveros urges probe on Chinese faking Filipino identity
- Passenger with fake Overseas Employment Certificate barred from leaving
- Classes suspended in 10 Metro Manila cities due to rains
- Israel army urges Gaza City residents to leave
- 'Ondoy'-level rains swamp Quezon City
- Konektadong Pinoy Bill has lapsed into law — Palace
