BHBFC plans Tk 3.33b rural housing project

Bangladesh House Building Finance Corporation (BHBFC) is extending its home loan coverage to rural areas aimed at developing planned and modern housing in villages while protecting cropland from indiscriminate use. The state-owned house financing organisation will offer cheaper loan for construction of the 385 four-storied building in 22 rural areas across the country involving Tk 3.33 billion, BHBFC managing director Dr Md Nurul Alam Talukdar said. The 385 apartment buildings will have 3,000 flats, providing around 18,000 people with comfortable and affordable accommodation while cropland would be protected from misuse, Dr Talukdar said. The BHBFC has constituted a five-member project implementation committee, headed by its managing director. The 7 zonal and 15 regional offices will coordinate the implementation of the project, according to BSS.