https://www.taxtmi.com/news?id=22093 Establishment of a Special Window as a professionally managed debt fund under the Alternate Investment Fund framework to provide priority debt financing for completion of stalled affordable and middle income housing projects. The Government will act as Sponsor with an initial commitment and the fund will solicit co investment from institutional investors. Eligible projects include net worth positive, RERA registered affordable/mid income projects, including NPAs and projects in insolvency proceedings up to the stage before approval or rejection of resolution plans. Investments will be subject to due diligence, Investment Committee approval, contractual end use restrictions, and monitored disbursements linked to construction progress. en-us Thu, 07 Nov 2019 15:22:06 +0530 Thu, 07 Nov 2019 15:22:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22093 Establishment of a Special Window as a professionally managed debt fund under the Alternate Investment Fund framework to provide priority debt financing for completion of stalled affordable and middle income housing projects. The Government will act as Sponsor with an initial commitment and the fund will solicit co investment from institutional investors. Eligible projects include net worth positive, RERA registered affordable/mid income projects, including NPAs and projects in insolvency proceedings up to the stage before approval or rejection of resolution plans. Investments will be subject to due diligence, Investment Committee approval, contractual end use restrictions, and monitored disbursements linked to construction progress. News - Thu, 07 Nov 2019 15:22:06 +0530 https://www.taxtmi.com/news?id=22093