Shelter Fund – TNIFMC

Increasing Supply
of Affordable Housing
within Tamil Nadu

through Shelter Fund

Tamil Nadu Shelter Fund (TNSF) is an Indian Social ‘Impact’ Private Equity (PE) fund specializing in Affordable Housing projects. Guided by World Bank and ADB policies, the fund invests in Private and Public-Private Partnership (PPP) projects within Tamil Nadu.

Investment Focus

TNSF invests in affordable housing projects, encompassing ownership and rental models, with the goal of benefiting economically weaker sections, lower income groups and vulnerable segments of the population through:

Affordable ownership housing
Rental housing for industrial workers
Senior living and inclusive living
Working women's hostels
Co-living spaces
Student hostels

Key Differentiators

Evaluation Criteria

TNSF evaluates projects based on the following factors:

Projects must have sustainable designs and create a positive impact on society.
Buildings must be certified as green under IFC EDGE, IGBC, GBCI, or equivalent certification.
Promoters' track record and reputation are taken into account.
Proximity to social and commercial infrastructure, such as schools, hospitals, and public transport, is considered.

Portfolio Impact

The fund activities are closely aligned with the following SDG’s.

KEY IMPACT

The fund activities are closely aligned with the following SDG’s.

~16,000 Affordable rental beds

~6,000 units Affordable Housing units under development

~4.95 million sq.ft Buildings under Green Certification

~20,000 Women positively impacted through our investments

~ 40,000 Jobs supported through our investments

100 % Buildings with STP, Rainwater Harvesting and Eco-friendly designs

Our Portfolio

Current
Exited

Established by TN Govt. to provide accommodation for working women traveling for employment, training, and official visits from various districts and states.

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