<h1>India Boosts Affordable Housing: Increases Funds, Eases FDI, Supports Long-Term Bonds for Housing Finance.</h1> The Government of India has implemented several banking reforms to address the housing shortage and promote affordable housing. These include augmenting the Rural and Urban Housing Funds to Rs. 8000 crore and Rs. 4000 crore, respectively, to refinance banks and housing finance companies. Foreign direct investment requirements have been eased to encourage smart city development. The Reserve Bank of India has allowed banks to raise long-term bonds for housing loans and established a separate sub-sector for residential housing projects to provide regulatory support. These measures aim to facilitate housing finance, particularly for economically weaker sections and low-income groups.