Act Number: 53

Act Name: The National Housing Bank Act, 1987

Year: 1987

Enactment Date: 1987-12-23

Long Title: An Act to establish a bank to be known as the National Housing Bank to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support to such institutions and for matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 27: Advisory services.
    The National Housing Bank may provide advisory services to the Central and State Governments, local authorities and other agencies connected with housing, in respect of--
         (a) formulation of overall policies aimed at promoting the growth of housing and housing finance institutions;
         (b) legislation relating to matters having a bearing on shelter, housing and human settlement.
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