State of the Low-Income Housing Finance Market 2018
An innovative new model pioneered by affordable housing finance companies (AHFCs) has made home ownership attainable for millions of low-income informal sector customers in urban India. There are now 26 such AHFCs with a combined loan portfolio of $4.1+ billion in India, who have financed over 230,000 houses over the last decade. Due to the availability of equity and debt, and potential for geographic expansion, this market is likely to continue to grow rapidly. This report examines the current state of the market and provides recommendations for facilitating greater scale so that even more households can own or improve their homes.