December 8

IFC, Aavas Financiers Sign Pact for Affordable Green Housing Finance for Low-Income Borrowers in India

International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with Aavas Financiers Ltd, a retail, affordable housing finance company and Aavas Foundation to help boost green housing business opportunities and scale green housing finance in India.

IFC said in a statement the project is intended to improve access to affordable green housing for low-income borrowers who have little or no access to finance and the move is expected to aid the environment for green buildings and the government of India’s national ‘Housing for All’ program.

Photo courtesy of CHUTTERSNAP.

Source: ETEnergyWorld (link opens in a new window)

housing, infrastructure, scale