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., This news data comes from:http://vma-hey-ard-psat.xs888999.com
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.
- Anutin elected as Thailand's new prime minister
- No peace without end to hostilities –Arab bloc
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- Marcos signs laws declaring holidays across PH
- Comelec defers reconstitution of BARMM parliamentary districts
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- GoTyme gives customers 20 free InstaPay transfers per month
- Sara slams govt corruption probe as a 'political zarzuela,' to meet with Robredo at Bicol festival
- Israeli forces seize nearly 0,000 in West Bank raid
- Boy killed, mother injured in Pasig fire
