World Bank approves US$190 Mn affordable housing loan for Tamil Nadu

Tamil Nadu is rapidly urbanizing and is facing an increasing deficit in affordable housing supply.

World Bank approves US$190 Mn affordable housing loan for Tamil Nadu

The World Bank board of Executive Directors recently approved a loan of US$190 million through the International Bank for Reconstruction and Development (IBRD), that will go towards building affordable housing for the lower income groups in the Indian state of Tamil Nadu.

This is the second Development Policy Loan (DPL), given to the state as part of the two-part Tamil Nadu Housing Sector Strengthening Program. The first loan was approved in May 2020.