<h1>India and ADB Sign $150M Loan Agreement for Affordable Housing in Tamil Nadu to Support Urban Poor and PMAY Initiative.</h1> The Government of India and the Asian Development Bank (ADB) signed a $150 million loan agreement to provide affordable housing for the urban poor in Tamil Nadu. The project aims to address housing shortages for low-income households and is aligned with India's PMAY-Housing for All (Urban) initiative. It will construct housing units in nine locations, relocate vulnerable households, and support regional planning for economic and infrastructure development. The initiative also includes a $1.5 million technical assistance grant to enhance the capacity of government agencies in delivering affordable housing and regional planning. The project seeks to attract private investment in affordable housing.