IFC lends $250m to HDFC to promote green affordable housing

IFC lends $250m to HDFC to promote green affordable housing

Photo: Pixabay

International Finance Corporation (IFC) has provided a loan of $250 million ( 1,875 crore) to HDFC, India’s largest housing finance company, to promote affordable green housing finance for low and middle-income borrowers.

IFC, the private sector investment arm of World Bank Group, will support HDFC’s move to grow its green affordable housing portfolio by improving access to such housing for those in the low-income group.

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