Housing and Public Works Minister Engr Mosharraf Hossain on Monday stressed the need for introducing long-term housing loans with low interest rate aimed at ensuring planned accommodation for the country’s burgeoning population.
“If interest rate on housing loans can be minimised, it will be possible to ensure planned accommodation for people. The migration rate of rural people to urban areas will also go down,” he told a discussion in the capital.
The Housing and Public Works Ministry arranged the discussion at Osmani Memorial Auditorium marking the World Habitat Day 2016, UNB reports.
Mosharraf Hossain said payment period of housing loan should be at least 30 years while its interest rate should come down to 4-5 percent.
Noting that many countries have already introduced soft loans for housing, he said incentive package needs to be introduced to ensure housing to all as per the commitment of Prime Minister Sheikh Hasina.
Chaired by Housing and Public Works secretary Md Shahid Ullah Khandaker, the discussion was addressed, among others, by UNDP acting country director Nic Beresford, Rajuk chairman M Bazlul Karim Chaudhury, National Housing Authority chairman Khandaker Akhtaruzzaman and chief engineer of Housing and Public Works Department Md Hafizur Rahman Munshi..