The minister, familiarly known as Ara, noted that he had invited the president to join the launch, scheduled for late September.
"I have invited him to attend the event on Monday, September 29, in Bogor, to launch at least 25 thousand subsidized homes, complete with a simultaneous mortgage signing," he remarked at the Presidential Palace, as cited from a voice recording in Jakarta on Tuesday.
Ara emphasized that President Prabowo had instructed his aides to accelerate the provision of subsidized housing for the public, which has become one of the government’s priority programs.
According to him, the head of state has raised this year’s construction quota for subsidized homes from 220 thousand to 350 thousand units.
He went on to say that between January 1 and September 15, a total of 175,662 homes built under the housing subsidy program had already been officially handed over to residents.
"In addition, we have 45 thousand homes currently under construction, in ready stock, or in the mortgage credit process. Thus, we are providing 221,047 residential units in total," the minister added.
Furthermore, Ara highlighted that President Prabowo had demanded that the interest rate remain at 5 percent for those accessing the subsidized mortgage program for low-income individuals, KPR Sejahtera, under the Housing Financing Liquidity Facility (FLPP) scheme.
"Mr. Prabowo has shown his genuine care for low-income citizens by ordering that the interest rate for subsidized homes under FLPP stay fixed at five percent. Hence, no increases are expected," he emphasized.
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Translator: Mentari D/Genta T, Tegar Nurfitra
Editor: Primayanti
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