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.”, This news data comes from:http://tj.xs888999.com
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.
- One in four people lack access to safe drinking water – UN
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- 15 companies vie for 'Sustainability Champions' award
- Zelenskyy meets European leaders on Ukraine security guarantees
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Undersea cables cut in the Red Sea, disrupting internet access in Asia and the Mideast
- Pump prices increase for 2nd straight week
- Gloria Arroyo files bill to empower Office of the Vice President
- Unnamed skeletons? US museum at center of ethical debate
