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.
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://www.705-888.com
”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.
- Pagasa monitors LPA off Cavite, may still become tropical depression
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Tokyo logs record 10 days of 35 C or higher
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- Marcos wants subpoena power for body investigating flood projects
- No winner in Grand, Megalotto draws for Aug 27
- Taylor Swift, Travis Kelce engaged
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- US warship heading toward Caribbean Sea
