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://jyxingfa.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.
- ChatGPT to get parental controls after teen's death
- Israel expects 1 million Gazans to flee new offensive
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- Konektadong Pinoy bill lapses into law
- Trump says he wants to meet North Korea's Kim again
- COA probes Iqbal on spending of P1.7B in one day
- South Korea to ban mobile phones in school classrooms
- Comelec completes ballot printing for Bangsamoro elections despite redistricting dispute
- Head of main US health agency abruptly dismissed
- P270M rock shed useless – Marcos
