IIFL HFL said it has signed a $68 million loan with ADB to improve financial access to affordable green housing for low-income groups in India. The funding includes a direct ADB loan of up to $58 million and a $10 million concessional loan by the Canadian Climate Fund for the Private Sector (CFPS) in Asia. From ADB’s loans, 80% will be earmarked for lending to female borrowers or co-borrowers and 20% will be allocated to finance mortgages for Green-certified homes. The CFPS loan IIFL will support HFL’s green housing portfolio, particularly towards encouraging developers to adopt green certification standards in the construction of affordable housing. Monu Ratra, MD & CEO, IIFL HFL said, “Funding from ADB will help us improve access to green affordable housing in India’s deepest markets and fulfill the dream of many Indian families owning their own homes. . We are pleased to partner with ADB in our development journey to accelerate initiatives to improve access to green affordable housing to meet the Sustainable Development Goals 2030 goals, with climate resilience as a fundamental approach to development It is important to actively pursue issues related to sustainability-oriented thinking and the achievement of gender-balance. Additionally, there is a need to address the lack of awareness about green homes. Suzanne, ADB’s Director General of Private Sector Operations “By leveraging IIFL HFL’s focus on financial inclusion and CPFS’s leadership on climate-resilient housing, ADB can help low-income communities manage the impacts of climate change,” Gabourey said.