People in Bangladesh are engaged in variety types of work, and our society has several levels of people, for example, the lower class, middle class, and upper class. I especially wrote this article for those whose monthly income amount is fixed, and who want to do something for their family’s future. in this affordable housing artical i will provide some such information in reaching your goals .
What is Affordable Housing
Affordable housing apartments Bangladesh Dhaka is a type of housing that is available at affordable prices. These houses can be made available by the government, non-profit organizations, or for-profit private developers. In order to make these apartment houses affordable, the private developers might have to subsidize them, so that they can get more profit in the future. There are many ways that an organization can provide affordable housing apartments for people. For example, the government can build subsidized housing in for the people who need it. Sometimes the government will make housing tax deductible so that people who buy the house can get tax cuts. This will help the people who need a house to afford it. The government could also require the developers to build a certain percentage of low-income houses so that they can provide people with affordable housing. If a developer is building a new neighborhood, then they will have to build a certain percentage of affordable houses.
Affordable Housing in Dhaka Project
Finding an affordable loan is extremely difficult if you have a low or middle salary. Commercial banks in Bangladesh, which have trouble managing long-term funds, pay little attention to the housing industry. Even by South Asian norms, the penetration rate of mortgages in Bangladesh is low. 4.9% of the South Asian continent.
ARBAN Built An Apartment Complex: One of the first non-profit organizations in a low-income urban housing complex is the political party ARBAN. By utilizing its micro-credit savings accounts and loan support, ARBAN constructed an apartment complex in Mirpur, Dhaka, for 42 member families. In 2012, the units were delivered. ARBAN is undertaking a second housing project to create apartments for 85 households on a 1 bigha plot of land in the city’s Rampura Banasree neighborhood, building on its previous success.
Build Bangladesh: Those with official jobs and monthly incomes of Tk 30,000 to Tk 60,000 On the outskirts of Dhaka city, on a build able piece of land with appropriate and accessible infrastructure, the first initiative will be put into action. About 90 units will be built as part of the proposed initiative over the following three years. (2022-2024). The total project cost, including land, building, marketing, and related community development initiatives, is about US$ 3.5 million. Potential investors will receive a return of between 12% and 15% thanks to this plan. A nationwide design competition for this affordable housing project was recently finished by Build Bangladesh in collaboration with UNDP and the Institute of Architect Bangladesh (IAB). The architects submitted a total of 75 plans, and seven were chosen as the top seven in terms of quality. The former will be Bangladesh’s first initiative of its kind to provide affordable housing.
