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House Building Finance Corporation Limited (HBFCL) has signed a Memorandum of Understanding (MoU) with the Malir Development Authority (MDA) for providing housing finance to its affordable housing project. The MoU signing ceremony, which was attended by the Governor of Sindh, Dr Ishrat ul Ebad Khan, Minister for Local Government Department, Government of Sindh, Agha Siraj Khan Durrani and other dignitaries, took place at the Governor House.
The Affordable Housing Project comprises of housing units on fully serviced residential plots of 80, 100 and 120 square yards, to be located in various sectors of New Malir Housing Project, MDA Scheme No 1 and Taiser Town, Scheme 45. The Project aims at providing houses to low and middle income people, free from all encumbrances and litigation.
Speaking at the occasion, the Managing Director and CEO of HBFCL, Azhar A Jaffri said: "this MoU brings together two organisations in a partnership that has tremendous potential in addressing a dire social need. The need of our citizens for a home they can truly call their own. The MoU is a categorical indication of our resolve and our commitment to live our Vision, which is "To be the prime housing finance institution of the country, providing affordable housing solutions, to low and middle income groups of population by encouraging new constructions in Small & Medium Housing sector." HBFCL is currently undergoing a major transformation that aims to make it an efficient, customer-focused housing finance institution.-PR

Copyright Business Recorder, 2011

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