SEN. Bong Go filed Senate Bill 685 on July 16, which seeks the creation of a National Housing Development, Production and Financing Program.
Go files housing development bill
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., This news data comes from:http://dpfvv.yamato-syokunin.com
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.
- Israeli army: Gaza City now 'a dangerous combat zone'
- SC clarifies rules on land ownership
- Modi: India, Japan to 'shape the Asian century'
- PNP chief Torre relieved from post — Palace
- DPWH opens foreign-assisted projects to LGUs
- NHA gives cash aid to families affected by calamity in Manila
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Wife of Australian man wanted in police killings urges him to surrender
- US strike marks shift to military action against drug cartels
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
