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.
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., This news data comes from:http://eybp-ut-ub-ijl.yamato-syokunin.com
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.
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Marcos declares holidays for 2026
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- Discaya companies' licenses revoked for bid-rigging
- Globe: Mobile data helps drive national progress
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- NATO members to reach 2% defense spending goal this year
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- India will not 'bow down,' trade minister says after US tariffs
- Macron says 26 countries pledge troops as a reassurance force for Ukraine after war ends
