SEN. Bong Go filed Senate Bill 685 on July 16, which seeks the creation of a National Housing Development, Production and Financing Program., This news data comes from:http://www.xs888999.com
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.”
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.
- Preliminary report on Lisbon funicular accident expected
- Govt monitoring Chinese ‘sleeper agents’ in PH
- Sri Lanka's jailed ex-president Wickremesinghe granted bail
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- Go files housing development bill
- Students, faculty file complaint against Universidad de Manila president
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Read to reduce sentence, Uzbekistan tells prisoners
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
