Bangladesh House Building Finance Corporation (BHBFC)

ESTABLISHMENT: House Building Finance Corporation was established in 1952 to provide financial assistance in housing sector. After independence, the corporation was reconstituted as House Building Finance Corporation (BHBFC) by the President’s Order no 7 of 1973. OBJECTIVES: Shelter is one of the five basic needs of human being to alleviate the acute housing problem. The primary objective is to alleviate the acute housing problem in the country. It is the only financial institution in the housing sector that has been financing for the last 6 decades. Although some of the commercial banks and private sector housing institutions are providing financial assistance to this sector, yet, BHBFC continues to be the major source of housing credit for the middle and lower middle income group of people till today. OWNERSHIP: BHBFC is the only state-owned specialized financial institution of its kind. The total paid-up capital of the corporation is paid by the Government of Bangladesh. OFFICES: Head Office of the Corporation is located in Dhaka. There are 15 departments at Head Office. Other than head office it has 10 Zonal offices. Out of these 10 offices 2 offices are in Dhaka City and the rest 8 Zonal offices are situated in Chittagong, Sylhet, Rajshahi, Khulna, Barisal, Rangpur, Faridpur and Mymensing. The corporation has 14 Regional offices located at Cumilla, Noakhali, Jessore, Kushtia, Pabna, Bagura, Dinajpur, Tangail, Jamalpur, Rangamati, Gopalganj and Narayanganj. There are 61 branch offices all over the country under the control of 10 Zonal and 14 Regional Offices.