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://yamato-syokunin.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.
- China is showing off its weaponry in a tightly controlled military parade
- House party leaders want to return proposed 2026 budget to Executive
- EU massive fine against Google draws Trump’s ire
- Konektadong Pinoy Bill has lapsed into law — Palace
- Opponents of Japan PM seek leadership contest
- ‘New NBI chief must be career official’
- Former PNP chief Torre III offered new government post
- Workers urge Marcos to stop corruption by banning political dynasties
- Kneecap to play Paris concert in defiance of objections
- White House fires US health agency head after she refused to quit
