ADB approves $100mn loan for affordable housing in Bangladesh
Dhaka, Sept. 27 -- The Asian Development Bank (ADB) has approved a $100 million concessional loan to expand access to affordable and resilient housing finance for low- and middle-income households in Bangladesh, with a particular focus on women.
The Inclusive Affordable Housing Finance Project will channel the funds through Palli Karma-Sahayak Foundation (PKSF) and eligible microfinance institutions (MFIs), the bank said in a statement on Sunday.
The financing will allow them to provide long-term, collateral-free loans to families seeking to build, repair or improve their homes.
The project is aimed at addressing shortages of safe and affordable housing and limited access to housing finance among households with informal incomes that a...
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