IFC lends $250 million to HDFC to promote affordable green housing finance

The Hindu Business Line | Jul 25, 2021 at 8:35 AM
  • International Finance Corporation (IFC), a private sector investment arm of the World Bank Group, has decided to provide loan of $250 million (about Rs 1,875 crore) to promote affordable green housing finance for low-income borrowers.
  • With most banks and housing finance companies in India still at the stage of evolving their business models to lend to lower income people, this investment should send a clear demonstration that green affordable housing is viable and needed, especially as India moves on the road to recovery from the impacts of COVID-19.