Bangladesh House Building Finance Corporation (BHBFC) is a specialized public financial institution that finances the construction and renovation of houses and purchasing of residential apartments.[1][2]
History
The institution was established in 1973 under presidential orders.[1] It gives loans for only individual home construction and has faced criticism for giving loans mostly to government employees.[3] It is headquartered in a 10-storey building in Paltan, Dhaka.[4] In 2013 Hefazat-e-Islam Bangladesh tried to burn down the institution’s headquarters and vandalized 12 cars.[5]
Managing director
Md. Abdul Mannan is the current managing director of the Bangladesh House Building Finance Corporation. The managing director serves as the chief executive and on behalf of the board, directs and controls the affairs of the corporation.[6]
References
- Bangladesh House Building Finance Corporation Banglapedia, retrieved 12 October 2016^
- A Rajuk peon worth millions The Daily Star, 2 September 2016, retrieved 12 October 2016^
- The home financier The Daily Star, 6 April 2014, retrieved 12 October 2016^
- Paltan building fire under control The Daily Star, 12 November 2015, retrieved 12 October 2016^
- 800 small, medium shops burnt, damaged in Hefazat rally Dhaka Tribune, retrieved 12 October 2016^
- http://www.bhbfc.gov.bd/site/page/41991621-ee4e-41bf-99f7-32edb585af58%2F- Bangladesh House Building Finance Corporation, retrieved 2020-03-20^