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., This news data comes from:http://cek-pp-tot-adhb.052298.com
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.
Go files housing development bill
- ERC amends net-metering rules to expand renewable energy options
- Govt preparations for WorldSkills PH hosting go 'full blast'
- Pakistanis no reprieve from floods yet
- Palace slams Discaya couple's denial in Film Heritage Building debacle
- DSWD program reduced hunger
- ‘Large shark’ kills man off Sydney beach
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- China is showing off its weaponry in a tightly controlled military parade
- China displays its weaponry in a tightly controlled military parade
- PH, Australia, Canada hold joint sea drills
