Shelter

Housing is a challenge for the poor in the cities. The affordability of housing results in rapid expansion of slums. When managing their routine life with limited economic well-being itself is a tough call, the poor’s accessibility to housing is a distant dream.

Federation offering loans for leased homes through SHGs

The urban poor often shift their homes due to differences with the house owners when they fail to pay the rent on time. The federation through its SHGs has been offering loans to lease homes. House leasing is not that affordable to the poor, when they raise funds at exorbitant rate of interest. Through SHGs, the interest rate of house leasing loan is 18% and it is within their means. The SHGs offer 10-15% of their regular loans (Rs.1.1 Crores to 1.6 Crores) to the housing needs of its members.

Housing for all is the Government of India’s ambitious new initiative. It envisages that all Indian families should own a house. The 1st phase is planned from 2017 and probably ends by 2022. The scheme proposes to have government contribution in the form of outright subsidy or interest discounts for the beneficiaries. Madurai city is chosen in the 1st leg of the scheme to ensure housing for all in the corporation limit. DHAN Foundation has organized filling up of applications for more than a thousand needy poor.