The document on youth housing scheme announced in Malaysian budget of 2015, and a comparison of the same with My First Home Scheme (SRP) of Cagamas SRP Berhad (a wholly owned subsidiary of Cagamas Holdings Bhd). The housing industry plays a pivotal role in contributing towards Malaysia’s development and economy and many other supporting industries depend on its continuous growth. This can be shown by the rising trend of the mortgage to GDP ratio in Malaysia over the past few years. As at end-2014, the outstanding housing loans in the banking system amounted to RM389.6 billion or 36% of GDP as compared to 35% in 2013. Without doubt, provision of affordable homes is one of the key components in Malaysia’s developmental agenda and the Government of Malaysia (GOM) would continue to introduce more projects and programmes to fulfil the housing needs of the people. Among the affordable housing programmes announced in the Malaysian Budget 2015 is the Youth Housing Scheme (YHS), a smart partnership between the GOM, Bank Simpanan Nasional (BSN), Employees Provident Fund (EPF) and Cagamas.