HDFC in Addu City

Our team visited Addu City from 24th to 26th August, meeting with the city council, local contractors and residents across three districts as part of the ongoing effort to bring housing finance services closer to communities outside the Greater Malé Area.

Meeting with Addu City Council

The visit began on 24th August with a meeting at the Addu City Council. Discussions covered current housing demand in Addu, land and development plans underway in the city, and how HDFC's financing products can support residents looking to build, complete or purchase a home. Both parties agreed on the value of continued coordination so that residents have clear information on the financing options available to them.

Engaging with contractors

Later the same day, the team met with contractors working in Addu. The session focused on construction costs, project timelines, and how HDFC's stage-based disbursement process works alongside a build — an area where clear expectations between financier, homeowner and contractor make a significant difference to how smoothly a project progresses.

Information sessions across Addu

Over the three days, HDFC held open information sessions in three districts:

• Hithadhoo — 24 August, for staff and members of the public
• Feydhoo — 25 August, open to the public
• Hulhumeedhoo — 26 August, open to the public

Each session walked attendees through HDFC's housing finance products, eligibility requirements, the documents needed to apply, and how repayments are structured. The sessions closed with question-and-answer segments, giving residents the opportunity to raise their own circumstances directly with the team.

Looking ahead

HDFC thanks the Addu City Council, the contractors who took part, and everyone who attended the sessions across Hithadhoo, Feydhoo and Hulhumeedhoo. Visits of this kind remain an important part of how we work to make housing finance accessible to families throughout the Maldives, and further outreach is planned in the months ahead. For more information on HDFC's housing finance products, explore our website.