Housing Fund

A Housing Fund is a savings program used to help individuals finance the purchase, construction, or renovation of a home. Both employees and employers contribute to the fund regularly, which accumulates over time. These contributions can often be borrowed against or used as part of mortgage arrangements, reducing the financial burden of homeownership. The primary goal is to promote affordable housing by providing accessible funding options, often with favorable terms such as lower interest rates and flexible repayment plans, making it easier for families to secure and maintain a home.