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://fxgdpmgr.jyxingfa.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.
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- Escudero subpoenas 5 contractors, 3 DPWH executives to Senate probe
- ‘God’s Influencer’ to become first millennial saint
- Dizon requests for immigration lookout order vs ex-DPWH exec
- 95 IMAGES OF MARY
- Fire breaks out in Manila residential area
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Actress Angel Aquino victim of 'deepfake,' seeks prosecution of perpetrators of cyber pornography
