IFC to invest $75 mn in L&T Housing Finance for affordable housing by 2022

As of September 2017, L&T Housing held $1.6 billion in assets

The International Finance Corporation (IFC) is planning to invest upto $75 million in L&T Housing Finance Company (L&TH).

This potential investment is part of a multi-pronged engagement that IFC has with L&T Group in multiple areas of interest. The investment is aimed at supporting the developmental needs of India, said the World Bank’s investment arm.

According to IFC, the proposed investment to L&TH will help increase access to affordable housing by supporting the financing need of developers engaged in the affordable housing segment.

Earmarked for on-lending to affordable housing segment, the IFC debt would come with a longer tenure to match the duration