Govt allocates Rp28.2 trillion for 2022 housing liquid fund facility

Govt allocates Rp28.2 trillion for 2022 housing liquid fund facility

Illustration - A resident stands in front of a subsidized house in Indramayu, West Java. (ANTARA FOTO/Dedhez Anggara)

Jakarta (ANTARA) - The Ministry of Public Works and Public Housing (PUPR) has allocated 28.2 trillion Indonesian rupiahs for the Housing Fund Liquidity Facility (FLPP) financing for 2022.

"In 2022, this program will still continue. The government will allocate housing financing subsidy for a total of Rp28.2 trillion rupiahs, with the target of 200 thousand subsidised housing units through the FLPP funds," said Director General for Infrastructure and Public Housing Funding at the Ministry Herry Trisaputra Zuna at a webinar originating from Jakarta on Friday.

In 2021, the government allocated funding for housing financing subsidies for 157,500 units through the FLPP program, he informed.

Additionally, there were also 18 thousand units of Savings-Based Housing Financing Assistance (BP2BT), he said.

The realization of FLPP distribution, as of August 2021, has reached more than 73 percent, he added.

"In our opinion, we need to use these together in order to provide homes for all low-income people that are in need," he said.

As a background, the performance achievement of FLPP housing subsidies, Interest Difference Subsidies (SSB), and the Savings-Based Housing Financing Assistance for the last six years has reached an average of 200 thousand units per year, he informed.

Meanwhile, the Subsidy for Advances in Down Payment Assistance (SBUM) has covered approximately 139 thousand units per year, he said.

The Center for Housing Financing Fund Management (PPDPP) at the ministry said that, as of August 10, 2021, 72.02 percent of FLPP funds had been distributed from the target of 157,500 units in 2021.

According to the PPDPP management control dashboard, as of August 10, 113,438 units were disbursed for FLPP, or Rp 12.37 trillion, bringing the total distribution for the 2010-2021 period to 878,293 units, or Rp67.96 trillion.

From this distribution it has been predicted that the achievement target would be completed next October, according to the agreement between PPDPP and the FLPP implementing bank, PPDPP President Director Arief Sabaruddin said.

It is planned that at the end of August this year, the PPDPP will hold a meeting with the implementing bank with regard to the evaluation of the third quarter of 2021, he added. 

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