Managed Schemes

In collaboration with the government, HDFC manages and administers social housing schemes as custodian of funds provided by the Ministry of National Planning, Housing and Infrastructure.

Hiyaavahi Scheme

HDFC administers managed housing programmes to support equitable home ownership and construction financing across Maldives. These schemes are structured to provide access to low-interest financing under clear eligibility criteria and repayment terms. On 5 November 2024, the Government of Maldives announced the Hiyaavahi Scheme to expand affordable housing access through multiple financing tracks.

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Hiyaavahi Rahvehi

Low-interest loan scheme to build homes in the atolls. No equity will be required for the loan. The loan is repayable over 25 years at five percent interest.


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Hiyaavahi Saharu

Low-interest loan scheme providing up to MVR 3 million for the construction of homes in urban centers. The loan will be issued at five percent interest and will have a repayment period of 25 years.

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Hiyaavahi Fura Male'

Low-interest loan scheme providing up to MVR 6 million for home construction in the Male’ area. Plots smaller than 600 sq. ft. can be combined with additional small plots, with MVR 1 million added to the loan amount for each additional plot, up to a maximum of MVR 10 million. The loan requires 10 percent equity, carries a 5 percent interest rate, and is repayable over 25 years.

Other Managed Programmes

HDFC additionally manages and administers social housing schemes in coordination with the following programmes and agencies:

  • MHI Housing Scheme
  • GED Housing Scheme
  • MHUD Housing Scheme
  • 704 Housing Scheme
  • CMEC Housing Scheme
  • Gedhoruveriyaa Housing Scheme

Need Guidance on Eligibility?

Contact HDFC for the latest eligibility criteria, required documents, and application guidance for managed schemes.

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