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://www.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.
- Sara Discaya admits owning 28 luxury cars
- Open mic caught Xi, Putin discussing immortality
- Plea written in blood saves Chinese woman trapped in locked room
- Actress Angel Aquino victim of 'deepfake,' seeks prosecution of perpetrators of cyber pornography
- DPWH told to build evacuation centers
- DILG suspends classes, gov’t work in 17 areas
- SSS rolls out historic pension reform program
- Discaya says her family owns nine companies
- Comelec to resume BARMM polls ballot printing Thursday
- Marcos Jr. to reveal members of independent commission for flood project probe
