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://705-888.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.”
”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
- Japanese volunteers to PH 'bedrock' of bilateral relations, says envoy
- Nartatez to reassign Torre if he won't retire, says they're 'okay'
- Go files housing development bill
- Need to pee? Japan has QR code for that
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Japan pledges continued support for Philippine development projects
- Sotto files bill to amend party-list system
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- Eala writes another historic chapter in Philippine tennis
