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://usmuvwx.ycyzqzxyh.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
- Van Gogh Museum 'could close' without more help from Dutch govt
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Malabon averts crisis with garbage deal
- Protesters storm Discaya office in Pasig to demand accountability for 'ghost flood control projects'
- Pope Leo: We must listen first before speaking
- Bonoan freezes DPWH travel passes
- Boy killed, mother injured in Pasig fire
- Venezuela builds up border security over US warships
- PH economic losses hit 100B from corruption in flood control projects
