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QC mayor signs socialized housing tax ordinance into law By Arlie O. Calalo 10/26/2011

Wednesday, October 26, 2011

QC mayor signs socialized housing tax ordinance into law

By Arlie O. Calalo 10/26/2011

Quezon City Mayor Herbert “Bistek” Bautista yesterday signed into law the controversial Socialized Housing Tax (SHT) ordinance which aims to generate P185 million annually in the next five years to fund his administration’s pro-poor housing program.

“This measure would be a one big step forward in the city government’s effort to provide decent, affordable and safe shelter to qualified informal settlers and low-income families in the city starting next year,” Bautista said.

Members of the Local Housing Board, city council, department heads and Quezon City Press Club witnessed the simple rites held at the Bulwagang Amoranto at the City Hall Complex.

With the passage of the SHT ordinance, the local government can be able to generate additional revenue of P185 million annually in the next five years which it can use to push through with its pro-poor housing programs..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/metro/20111026met1.html

1 comment

Jesusa Bernardo said...

seems to be a good idea, huwag lang hahaluan ng katiwalian at sobrang pamumulitika. at i.encourage din ang mga squatters na mamuhay ng malinis at sugpuin ang pagnanakaw ng ilan sa kanilang hanay.

"The new ordinance imposes a special assessment of 0.05 percent tax on all real properties assessed at P100,000 and above to generate much needed funds for the housing program...

"The city has more than 230,000 informal settler families, most of them living in danger zones such as creeks and riversides, Bañacia said."

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