Housing & Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with the Government of Odisha, on July 11, 2026 at Bhubaneswar, Odisha. As per the MoU, HUDCO aims to provide term loans to the extent of Rs 1,00,000 crore over a period of 5 years, for various Urban infrastructure projects including land acquisition for various Housing and Infrastructure projects under Urban Challenge Fund (UCF), Bhubaneswar-Cuttack-Puri-Paradeep Economic Region (BCPPER) and Mukhyamantri Sahari Vikas Yojana (MSVY) in Odisha.
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.
