HHousing is one of the most prioritized and secured sectors of investment to EPF. The EPF Act allows mobilizing of EPF funds in housing either undertaking housing projects independently or jointly with other institutions; or establishing or operating company for the operation of housing projects. EPF initiated the low cost housing scheme for its members by constructing 112 core houses in 1.5 hector of land in Pokhara out of which 109 house were sold to its members on installment basis. Besides this, it has constructed five office cum shopping complexes in Kathmandu valley and three in Pokhara. EPF is in the process of implementing a housing project where in 1100 residential houses outside the ring road of Katmandu Valley and 500 in other districts will be constructed. The project is focused towards the lower and middle level income group of its members. After the completion of the project, the constructed house will be distributed to its members on a soft loan.