IFC, Aavas Financiers to Help Catalyze Affordable Green Housing Finance for Low-Income Borrowers in India
An endeavor to address a critical gap in affordable green housing in India will benefit scores of low-income borrowers, including women. It will further help boost green housing business opportunities and scale green housing finance, thereby supporting an enabling environment for green buildings and the Government of India's national 'Housing for All' program.
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. The project will help improve access to affordable green housing for low-income borrowers who have little or no access to finance.