 Providing affordable social housing is among the priority pledges of Government of Maldives. In order to enhance the quality of life of the residents of Greater Mali region, the Government of Maldives has initiated the development of 4,000 housing units under two projects. FDC-JMC Housing Project and FDC-NBCC Housing Project. The projects are supported by India through a bias-grade facility from the Exim Bank of India. The extension of India Maldives Corporation to the social housing sector stems from our flourishing development partnership. Located in Hulu-Mali Phase 2, the two projects will comprise the development of 2,000 housing units each. Both projects will consist of 900 sqft 3 bedroom units and 650 sqft 2 bedroom units. FDC-JMC Housing Project is valued at US $137 million and the FDC-NBCC Housing Project is valued at US $130 million. The construction of the projects has now commenced. The projects aim to provide affordable housing for target populations through rent-to-own model and encourage home ownership for first-time buyers. These projects will cater to a total population of 20,000 people.