The proposal changes the existing housing law so that developers can either build socialized units or pay a cash amount (25 % of the required 15 %/5 % share) to the city or municipality where their project is located; the money must be used by the local government for socialized housing within two years.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB01268. Status changes over time; check the link for the latest.
HB01268 · Sources: BetterGov Open Congress, BatasWatch
Similar in what they’d do, filed by any lawmaker.