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://reas-cf-bny-bui.yamato-syokunin.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.
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.
Go files housing development bill
- Go Negosyo, CFO push migrant empowerment
- Plea written in blood saves Chinese woman trapped in locked room
- Comelec defers reconstitution of BARMM parliamentary districts
- Marikina City chief of police relieved
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Fire breaks out in Manila residential area
- PNP chief leads fun run
- Hontiveros urges probe on Chinese faking Filipino identity
- ‘New NBI chief must be career official’
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
