NHB, AFD and EU Expand Competitive Funding to Green Housing

/ -- India's apex housing finance institution National Housing Bank (NHB), the French Development Agency (AFD) and the European Union (EU) today reiterated their common commitment to allocation of resources for promotion of green and affordable housing projects through the 'SUNREF India Housing Programme'.

The programme, backed by a credit line of 100 million from AFD, allows banks, housing finance companies and home buyers to fund green and affordable housing projects and investments therein.

Mr. Kulasekhara Chakravarthy, General Manager, NHB highlighted, "The SUNREF India program carries a subsidy of 12 million granted by the EU (Asia Investment Facility, or AIF) - including a technical assistance grant of 3 million for promotion of the programme in India. Further up to 1 million is available to support the cost of green label certifications incurred by the project developer."
About AFD
About SUNREF
SUNREF helps develop the practices of financial actors via financial support and technical assistance to facilitate access to green energy and promote the sustainable management of natural resources. The ultimate goal: ensure the development of a low-carbon economy and allow economic actors to adapt to this transformation. More information at: https://www.sunref.org/en/
About the European Union (EU):
EU-India relations: For over 50 years, the EU and India have worked together to reduce poverty, prevent disasters, expand trade, and promote joint research in energy, health, agriculture and many other fields of mutual interest. More information at: http://eeas.europa.eu/delegations/india
About NHB