1. Tamil Nadu Housing Board (TNHB) Schemes

Established in 1961, the Tamil Nadu Housing Board (TNHB) aims to provide affordable housing solutions across various income groups. TNHB develops and allocates residential units, including plots, apartments, and houses, catering to the following categories:?

• Economically Weaker Section (EWS): Monthly income up to ?12,000.?

• Lower Income Group (LIG): Monthly income between ?12,001 and ?18,000.?

• Middle Income Group (MIG): Monthly income between ?18,001 and ?37,000.?

• High Income Group (HIG): Monthly income between ?37,001 and ?62,000.

Eligibility Criteria:

• Age: Applicants must be at least 21 years old.?

• Residency: Must be a native of Tamil Nadu.?

• Property Ownership: Should not own property acquired through other state government housing schemes.?

Application Process:

TNHB announces new housing schemes through advertisements in leading newspapers and on their official website. Interested individuals can purchase application forms from TNHB offices, submit them along with the required initial deposit, and follow the specified procedures. Allotments are typically made through a transparent process, such as a draw of lots or on a first-come, first-served basis, depending on the scheme. ?

2. Pradhan Mantri Awas Yojana (PMAY) – Urban

Launched in 2015, PMAY-Urban aims to provide affordable housing to all urban residents by offering interest subsidies on home loans. Key features include:?

• Interest Subsidy: Eligible beneficiaries can avail an interest subsidy of up to 6.5% on housing loans for a tenure of up to 20 years.?

• Eligibility: Beneficiaries are categorized based on income:?

  • Economically Weaker Section (EWS): Annual income up to ?3 lakh.?

  • Lower Income Group (LIG): Annual income between ?3 lakh and ?6 lakh.?

  • Middle Income Group I (MIG-I): Annual income between ?6 lakh and ?12 lakh.?

  • Middle Income Group II (MIG-II): Annual income between ?12 lakh and ?18 lakh.?

Applicants must not own a pucca house in any part of India and should not have availed benefits from any other housing scheme. ?

3. Tamil Nadu Cooperative Housing Federation (TNCHF)

TNCHF provides financial assistance to its members for purchasing or constructing houses. It operates through various cooperative housing societies across Tamil Nadu, including Chennai, offering loans at competitive interest rates. Membership is typically required to avail of these benefits.?

4. Tamil Nadu Slum Clearance Board (TNSCB) Schemes

TNSCB focuses on improving the living conditions of slum dwellers by providing affordable housing options. They undertake projects to construct and allocate residential units to eligible beneficiaries, aiming to eradicate slums and provide better living environments.?

5. Land Pooling Area Development Scheme

This initiative focuses on organized urban development by pooling private and public lands, reorganizing them for better infrastructure. Landowners receive a portion of the developed land, which benefits buyers looking for residential plots in expanding neighborhoods of Chennai. ?

Additional Considerations:

• Affordable Housing Finance Options: Several banks and financial institutions in Chennai offer attractive home loan options specifically designed for affordable housing. These institutions provide competitive interest rates, flexible repayment terms, and various features to facilitate home buying for low and middle-income families.

Before applying to any scheme, ensure you meet the specific eligibility criteria and understand the application procedures. For detailed information and updates, visit the official websites of the respective schemes or contact local authorities in Chennai.

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