MUMBAI: The state government will soon set up a Rs 2,000 crore Maharashtra Affordable Housing Development Corporation to achieve the target of constructing 20 lakh tenements by 2022 under the Pradhan Mantri Awas Yojna.
A senior bureaucrat told TOI on Thursday that the corporation’s key objectives will be to get all organizations involved in providing affordable housing under one umbrella.
The new corporation will be incorporated with the shareholding of the Maharashtra Housing and Area Development Authority , Slum Rehabilitation Authority , Shivshahi Punarvasan Prakalp, Nagpur Improvement Trust, MMRDA, Cidco and National Housing Bank. “The 13-member corporation will be headed by the chief minister, the vice-chairman will be the housing minister, additional chief secretary (housing) and CEOs of Mhada, MMRDA, Cidco, Nagpur Improvement Trust, National Housing Bank will be the members,” said the bureaucrat.
The new corporation will implement the Pradhan Mantri Awas Yojana along with other state housing policy initiatives, encouraging affordable housing projects in collaboration with private developers, create an urban housing fund where all government schemes can be channelized by leveraging commercial finance for housing development.
“The corporation will be tasked with facilitating urban local bodies in conducting demand assessment and preparation of housing-for-all action plan,” said the bureaucrat.
Ever since Prime Minister Narendra Modi took over the reins in 2014, he has been insisting on providing affordable houses to all by 2022. The prime minister’s office office has been monitoring the progress of the housing for all projects. “In Maharashtra, we have identified district-wise requirement of affordable houses. It has been estimated that 20 lakh tenements will be required to meet the demand
Source – TOI