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.
Go files housing development bill
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://laapnnq.xs888999.com
”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.
- Lacson clears air over conflict with Marcoleta on flood control probe
- Manila marks National Heroes Day with job fair
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Israel army urges Gaza City residents to leave
- US senators to reinforce 'partnership' with Taiwan
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- Made in China? The remarkable tale of Venice's iconic winged lion
- Cusi charged over Malampaya deal
- PH Construction Board asked to address 'accreditation for sale' scandal
- Major road closures in Manila announced for 2025 Bar Examinations
