National Housing Bank (NHB) has been established under the National Housing Bank Act, 1987 with the mandate to operate as a principal agency to promote housing f inance institutions both at local and regional levels and to provide financial and other support to such institutions and for matters connected therewith or incidental thereto. Aims and Objectives: NHB has been established to achieve, inter alia, the following: 

To promote a sound, healthy, viable and cost-effective housing finance system to cater to all segments of population and to integrate the housing finance system with the overall financial system. 

To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups. 

To augment resources for the sector and channelise them for housing.  

To make housing credit more affordable. 

To supervise the activities of housing finance companies based on supervisory authority derived under the Act