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Pandemic has IFC pumping USD 1 7 billion into local companies, up 51%
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IFC lends $250 mn to HDFC for green affordable housing
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International Finance Corporation (IFC), a private sector investment arm of the World Bank Group, has decided to provide loan of USD 250 million (about Rs 1,875 crore) to promote affordable green housing finance for low-income borrowers. Low and middle-income borrowers will be able to own homes with improved access to finance, thanks to a new investment aiming to boost affordable housing finance in India, a joint statement said. Aligned with the government of India s goal to provide Housing for All, the funding will also help generate jobs, it said. At least 25 per cent of the financing has been earmarked for green affordable housing, which is likely to encourage this market in India, it said.
IFC International Finance : and HDFC Partner to Promote Affordable Green Housing Finance for Low-income Borrowers in India
07/25/2021 | 02:08am EDT
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New Delhi, India, July 25, 2021-Low- and middle-income borrowers will be able to own homes with improved access to finance, thanks to a new investment aiming to boost affordable housing finance in India, while supporting the country s climate goals by focusing on green affordable housing. IFC s $250 million loan to HDFC Ltd-India s largest housing finance company-will support its moves to grow its affordable housing and emerging green affordable housing portfolio by improving access to such housing for people on lower incomes. Aligned with the government of India s goal to provide Housing for All, the funding will also help generate jobs.
HDFC partners with IFC partner to promote affordable green housing finance
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