Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company (IIFCL), a company wholly owned by Government of India, on June 6, 2024 at New Delhi, with the aim of reinforcing cooperation and collaboration to leverage respective strengths for extending Infrastructure Co-Financing, Refinancing, Project Management Consultancy Services and Capacity Building activities, subject to compliance with their respective mandates and policies.
HUDCO finances social housing and residential real estate through primarily lending to State Governments and their agencies, which, in turn, extend the finance to or utilise the finance for the ultimate individual beneficiaries.
