Affordable Rental Housing Complexes Scheme under Atmanirbhar Bharat Package

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Source: PIB

What is the News? 

Union Minister of Housing and Urban Affairs has informed that about 88,236 govt-funded vacant houses are available. They can be converted into Affordable Rental Housing Complexes under the Affordable Rental Housing Complexes Scheme.

About Affordable Rental Housing Complexes Scheme:
  • Affordable Rental Housing Complexes(ARHCs) is a Sub-scheme under Pradhan Mantri Awas Yojana- Urban (PMAY-U) to provide affordable rental housing to urban migrants/ poor close to their workplace.
Objectives:
  • To address the vision of ‘AtmaNirbhar Bharat Abhiyan’ significantly by creating a sustainable ecosystem of affordable rental housing solutions for urban migrants/poor.
  • To achieve the overall objective of “Housing for All” encompassing the need for affordable rental housing for urban migrants/poor.
  • Also, to create a conducive environment by incentivizing Public/Private Entities to leverage investment in rental housing.

Duration:

  • ARHCs to be considered till PMAY (U) Mission period, i.e. March 2022.
Beneficiaries:
  • Beneficiaries for ARHCs will be varied groups of urban migrants/ poor from EWS/ LIG categories including industrial & construction workers, migrants working with market/ trade associations, educational/ health institutions, hospitality sector, long-term tourists/ visitors, students, etc.

Implementation Strategy: The ARHCs will be built through a two-pronged strategy: –

  • Strategy-1: Utilizing existing Government funded vacant houses to convert into ARHCs through Public-Private Partnership (PPP) or by Public Agencies.
  • Strategy-2: Construction, Operation & Maintenance of ARHCs by Public/ Private Entities on their own available vacant land.
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