Bank Negara in talks on financing for affordable homes

Affordability issue: A file picture shows people having a closer look at an affordable housing project in Cyberjaya. Bank Negara says those who do not have the capacity to own a house may also consider the option to rent.

KUALA LUMPUR: Bank Negara said it has been engaging with various state authorities on the issue of financing for affordable homes.

In a statement yesterday, Bank Negara said together with the state governments and banking industry they are working to align the criteria used in approving house financing and improve the affordability of the applicants.