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Evaluation of the Impact of Tax Subsidy in the Operations of the Home Development Mutual Fund (HDMF)


The paper evaluates the impact of tax subsidy on the operations of the HDMF. It notes that the grant of tax subsidy to the HDMF enables it to continuously sustain the government's shelter financing program and enhance the Fund's capacity to comply with its obligations to its members. On the other hand, it remarks that the absence of tax subsidy may impact on the cost of the various financial packages extended by HDMF to its members through higher interest rate.

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