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of <h1>Affordable Housing Gains Infrastructure Status in 2017-18 Budget; National Housing Bank to Refinance Rs. 20,000 Crore in Loans.</h1> Affordable housing projects will receive infrastructure status, allowing them to access related benefits, as announced in the 2017-18 General Budget by the Union Minister for Finance and Corporate Affairs. The National Housing Bank will refinance individual housing loans totaling approximately Rs. 20,000 crore during 2017-18. Following demonetization, banks have begun lowering lending rates, including those for housing. Additionally, interest subvention for housing loans has been introduced.
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