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.
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://tg-wew-lt-xhb.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.”
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.
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- Trump plans a hefty tax on imported drugs, risking higher prices and shortages
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Macron's decision to recognize Palestinian state angers Israel and the US
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Labubu fans flock to stores after launch of mini dolls
- ‘Gomez ignorant of how media works’
- Marcos orders lifestyle checks on all government officials amid flood control probe
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
