12. The functions of the Corporation shall be -
| (a) to grant loans and other forms of financial assistance, for housing purposes, and for the redemption of residential property in accordance with such guidelines as the Minister may prescribe by regulations made under this Act, to individuals and housing finance corporations; |
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| (b) to subscribe for, and purchase, shares and securities of every description, in companies having as their object, the development of housing ; |
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| (c) to engage in, and promote, the development of the infrastructure related to housing ; |
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| (d) to provide amenities and facilities to persons living in housing schemes ; |
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| (e) to provide legal, engineering, architectural, surveying and other support services, to individuals and institutions engaged in the construction of houses ; |
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| (f) to undertake research, surveys and studies on construction techniques, building materials and other matters related to housing and human settlement; |
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| (g) to formulate schemes for the mobilization of resources for the purpose of extending credit for housing purposes; |
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| (h) to formulate and implement schemes for the provision of housing for the economically disadvantaged sections of the society ; |
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| (i) to conduct training programmes, seminars and symposia on matters relating to housing ; |
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| (j) to provide technical and management assistance to housing finance corporations, including assistance relating to the preparation of standard instruments and documents ; |
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| (k) to act as an agent of the Government or the Central Bank ; |
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| (l) to guarantee the financial obligations of housing finance corporations and to underwrite the issue of stocks, shares, bonds, debentures and securities of housing finance corporations and of companies having as their object, the development of housing ; |
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| (m) to purchase the rights of any housing finance corporation under any mortgage entered into by such housing finance corporation with any other person. |
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Sri Lanka Consolidated Acts