GoI, World Bank signed agreements to increase access to affordable Housing for Urban Poor in TN

The project aims to strengthen the states housing sector policies, institutions, and regulations.
Vamsi Athreya

Updated: Jun 30, 2020 09:58:03 am

GoI, World Bank signed agreements to increase access to affordable Housing for Urban Poor in TN

30 June 2020 Current Affairs:Government of India, Government of Tamil Nadu and the World Bank signed an agreement to help low-income groups in Tamil Nadu State to get access to affordable housing.

Highlights:
♦ The agreement was signed for two projects:
  • First Tamil Nadu Housing Sector Strengthening Program for $200 million
  • Tamil Nadu Housing and Habitat Development Project for $50 million
♦ The project aims to strengthen the state’s housing sector policies, institutions, and regulations.
♦ The first operation will support the government’s ongoing efforts to increase the availability of affordable housing by gradually shifting the role of the state from being the main provider to an enabler. 
♦ It will aim to unlock regulatory barriers and incentivize private sector participation in affordable housing for low-income families. 
♦ The second operation aims to deepen these measures to make the affordable housing sector more efficient and inclusive.
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