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://dep.xs888999.com
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.
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.
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Napoles gets 55 years for another ‘pork’ case
- President asks governor to expose irregularities in govt projects
- LTO summons driver who berated enforcer
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- NATIONAL ARTIST'S HOMETOWN
- Police officers face more charges in missing cockfight enthusiasts case
- China is showing off its weaponry in a tightly controlled military parade
- Taylor Swift, Travis Kelce engaged
- Searchers retrieve bodies as Afghan quake toll seen to rise
