NHB has been established to achieve, inter alia, the following
objectives:
| a. |
To promote a sound, healthy, viable and cost effective
housing finance system to cater to all segments of the population
and to integrate the housing finance system with the overall
financial system. |
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| b. |
To promote a network of dedicated housing finance institutions
to adequately serve various regions and different income
groups. |
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| c. |
To augment resources for the sector and channelise them
for housing. |
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| d. |
To make housing credit more affordable. |
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| e. |
To regulate the activities of housing finance companies
based on regulatory and supervisory authority derived under
the Act. |
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| f. |
To encourage augmentation of supply of buildable land and
also building materials for housing and to upgrade the housing
stock in the country. |
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| g. |
To encourage public agencies to emerge as facilitators
and suppliers of serviced land, for housing. |