National Housing Bank (NHB) is a wholly owned subsidiary of Reserve Bank of India (RBI), which was set up on 9 July 1988 under the National Housing Bank Act, 1987. NHB is a peak budgetary foundation for lodging. NHB has been built up with a target to work as a vital office to advance lodging money establishments both at nearby and provincial levels and to give monetary and other help accidental to such foundations and for issues associated therewith.

NHB enrolls, controls and administers Housing Finance Company (HFCs), keeps observation through available and Off-site Mechanisms and co-ordinates with different Regulators.

Beginning

The Sub-Group on Housing Finance for the Seventh Five Year Plan (1985– 90) recognized the non-accessibility of long haul back to singular family units on any noteworthy scale as a noteworthy lacuna hindering advancement of the lodging segment and prescribed the setting up of a national level foundation.

The Committee of Secretaries considered' the proposal and set up the High Level Group under the Chairmanship of Dr. C. Rangarajan, the then Deputy Governor, RBI to look at the proposition and prescribed the setting up of National Housing Bank as an independent lodging fund establishment. The suggestions of the High Level Group were acknowledged by the Government of India.

Objectives

NHB has been set up to accomplish, entomb alia, the accompanying goals

To advance a sound, solid, practical and savvy lodging money framework to oblige all fragments of the populace and to coordinate the lodging account framework with the general monetary framework.

To advance a system of committed lodging account establishments to enough serve different locales and distinctive wage gatherings.

To increase assets for the part and channelise them for lodging.

To make lodging credit more moderate.

To manage the exercises of lodging fund organizations in view of administrative and supervisory specialist inferred under the Act.

To energize increase of supply of buildable land and furthermore assembling materials for lodging and to redesign the lodging stock in the nation.

To urge open offices to rise as facilitators and providers of adjusted land, for lodging.

Organization

NHB is a lean, officer situated, professionally oversaw organization with its base camp in Delhi and workplaces in Mumbai, Hyderabad, Bangalore, Chennai, Kolkata, Lucknow and Ahmedabad. It has 84 experts at various levels. NHB is focused on quest for perfection through development, practitioner work culture and contemporary work rehearses with innovation mediation. It has the accompanying Departments, aside from NHB RESIDEX Cell for taking care of private record exercises –

Department of Regulation and Supervision
Refinance Operations Department
Project Finance and Technology Promotion Department
Resource Mobilization and Management Department
Risk Management Department
Business Planning and Promotion Department
Market Research, Consultancy and Policy Department
Credit Guarantee Fund Trust Cell
Information Technology Department
Legal Department
Administration, HR and Premises Department
Accounts Department
All Audits Department
Board and CMD Secretariat

Contact:

National Housing Bank,
Core 5-A, India Habitat Centre,
Lodhi Road,
New Delhi-110003,
PBX: 011-2464 9031-35,
Fax: 011-2464 9030,
E-mail: ho@nhb.org.in