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.
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://blkt-dq-qbr-exwg.aichuwei.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.
- Palace slams Discaya couple's denial in Film Heritage Building debacle
- Supreme Court urged to act on fake complaints
- IBP to form good governance panel
- US senators to reinforce 'partnership' with Taiwan
- Co out of country for medical reasons
- Comelec probes 15 govt contractors over 2022 election donations
- Tourists dice with danger on Hanoi's train street
- Drug war victims ready to face Duterte as ICC sets hearing on crimes against humanity
- Mexican senators come to blows after heated debate
- Thailand's Parliament to vote Friday for a new prime minister
