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://kvomv.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.
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.”
”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.
- Modi: India, Japan to 'shape the Asian century'
- India to probe giant zoo run by son of Asia's richest person
- P1.7-M shabu seized in Taguig buy-bust
- Sen. Go files bills to push health, social, and labor reforms
- DILG denies allegations that PNP chief fired over firearms deal
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- ‘Large shark’ kills man off Sydney beach
- Sen. Bong Go files bill for better health worker protection, benefits
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
