Affordable Housing Fund

In line with the government’s aim to provide housing for all by 2022, Affordable Housing Fund (AHF) under National Housing Bank was announced in Union budget.

• Towards this purpose, the National Housing Bank Act is to be amended to transfer its equity from RBI to government.
• The AHF will be funded from priority sector lending shortfall and fully serviced bonds authorised by Central Government.

In the previous budget, the government had announced infrastructure status to affordable housing.