The Real Estate and Housing Association of Bangladesh (REHAB) has requested the formation of a Tk 3,000 crore special fund to protect the country’s housing sector from the impact of ongoing global conflicts. REHAB leaders formally presented the proposal during a meeting with the new Bangladesh Bank Governor, Md. Mostakur Rahman, at the central bank’s headquarters on Tuesday. The delegation included REHAB President Md. Wahiduzzaman, Senior Vice President Liaquat Ali Bhuiyan, Vice President-1 Lion M.A. Awal, and directors Md. Kamrul Islam and Miraj Muktadir.

During the meeting, REHAB representatives described the current challenges facing the housing industry, citing rising construction material costs, financing difficulties, and market uncertainty caused by global instability. They emphasized that the housing sector is vital to the national economy, linking more than 250 related industries. REHAB also urged the introduction of low-interest, long-term housing loans for middle- and lower-middle-income groups and the simplification of bank loan approval processes.

Governor Rahman listened to the proposal and assured that the central bank would consider appropriate measures. REHAB leaders expressed optimism that the proposed fund would boost investment and make home ownership more accessible.