3. Housing And Housing Finance
According to Longman Dictionary,
“Housing means the house or conditions that
people live in“
A set of all financial arrangements that are made
available by housing finance companies (HFC)
to meet the requirements of housing is called
‘Housing Finance’.
4. NHB-NATIONAL HOUSING BANK
• Established
in July 1988 under NHB ACT 1987
• Principal agency to promote HFI OR
• Apex institution in the housing sector
• Authorized capital rs.350crore fully subscribed
by RBI
5. Objectives
To promote a sound,healthy,viable and efficient
housing finance system to cater all segments of
population
To make housing more affordable
To augment the supply of land & building
materials for housing.
6. Objectives
To enable the public agencies to emerge primarily
as facilitators and suppliers of service land.
To augment and upgrade housing stock in
the country.
To augment the financial resources for the
sector.
9. HOUSING DEVELOPMENT FINANCE CORPORATION
HDFC
• 1977
• PROMOTE HOME OWNERSHIP BY PROVIDING LONG
TERM LOANS
• 10 crore
10. objectives
Increase number of residential houses
• Increase flow of funds to housing sector
Direct loans to individuals
•High returns to shareholders
11. Types of loans
•Dwelling house
• To inviduals based on income.max.period is 20
• Extension of existing house –max up to 1 crore
• Purchase of land
• Repairs/innovations
• Facility to weaker section
12. Life insurance corporation housing finance
limited (lichfl)
• 1989
• 25%
market share in housing finance industry
15. Housing and urban development
corporation
25TH APRIL 1970
CENTRAL GOVERNMENT
HOUSING CONDITION TO ALL
(HUDCO)
16. objectives
•
Provide long term finance for construction of house for residential
purpose in urban & rural areas.
•
To subscribe to debentures & bonds issued by the state housing &
urban development boards,trusts,authorities etc especially for the
purpose of housing
•
To administrate the amount received from time to time ,from GOI
and other sources for the purpose of financing or undertaking
housing and urban development programmes in the country
•
To promote,establish,assist,collaborate and provide consultancy
services for the projects in designing and planning of works
relating to housing and urban development