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Bangladesh House Building Finance Corporation

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Bangladesh House Building Finance Corporation
বাংলাদেশ হাউজ বিল্ডিং ফাইনান্স কর্পোরেশন
Formation1952 (In Pakistan Period) Reformation =1973
Headquarters22 Purana Paltan, Dhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Website www.bhbfc.gov.bd

Bangladesh House Building Finance Corporation (BHBFC) is a specialized public financial institution that finances the construction and renovation of houses and purchasing of residential apartments. [1] [2]

Contents

History

The institution was established in 1973 under presidential orders. [1] It gives loans for only individual home construction and has faced criticism for giving loans mostly to government employees. [3] It is headquartered in a 10-storey building in Paltan, Dhaka. [4] In 2013 Hefazat-e-Islam Bangladesh tried to burn down the institution’s headquarters and vandalized 12 cars. [5]

Managing director

Md. Abdul Mannan is the current managing director of the Bangladesh House Building Finance Corporation. The managing director serves as the chief executive and on behalf of the board, directs and controls the affairs of the corporation. [6]

References

  1. 1 2 "Bangladesh House Building Finance Corporation". Banglapedia. Retrieved 12 October 2016.
  2. ↑ "A Rajuk peon worth millions". The Daily Star. 2 September 2016. Retrieved 12 October 2016.
  3. ↑ "The home financier". The Daily Star. 6 April 2014. Retrieved 12 October 2016.
  4. ↑ "Paltan building fire under control". The Daily Star. 12 November 2015. Retrieved 12 October 2016.
  5. ↑ "800 small, medium shops burnt, damaged in Hefazat rally". Dhaka Tribune. Archived from the original on 12 October 2016. Retrieved 12 October 2016.
  6. ↑ বাংলাদেশ হাউস বিল্ডিং ফাইনান্স কর্পোরেশন. Bangladesh House Building Finance Corporation (in Bengali). Archived from the original on 30 March 2020. Retrieved 20 March 2020.
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