2018, Government Looses Rp 4.5 T for Housing Loan Aid

By : Ahmad Fadli And Aldi Firhand. A | Tuesday, December 26 2017 - 22:02 IWST

Housing Illustration
Housing Illustration

INDUSTRY.co.id - Jakarta - The government through the Ministry of Public Works and Public Housing will disburse Rp 4.5 trillion in mortgage loans in 2018.

The funds will be distributed by the Housing Finance Funding Management Center (PPDPP) of the PUPR Ministry through the Housing Financing Liquidity Facility scheme (FLPP) and covering 42 thousand housing units.

In 2018 FLPP channeling banks increased to 40 executing banks. Eight of them are commercial banks and 32 regional development banks. It also includes 12 sharia banks, "said Director General of Housing Finance at the Public Works and People's Housing Ministry, Lana Winayanti in Jakarta.

The fund is divided into Rp 2.2 trillion from the Budget Implementation List (DIPA) and Rp 2.3 trillion from the optimization of the return of the principal.

"We hope more bank distributors will improve access for the community, the funds can be liquidated in January 2018," said Lana.

While Minister of PUPR, Basuki Hadimuljono said if KPR FLPP is a government program to meet the needs of homes for all people. "FLPP is five percent interest, one percent down payment and Rp 4 million cash aid," he explained

News Comment

Today's Industry

The President Director of PT Trimegah Sekuritas Indonesia Tbk (TRIM), Philmon Tanuri (left) delivered remarks at the kick off of Trimegah's collaboration with IA SBM-ITB in Jakarta on Wednesday (05/06/2024).

Jumat, 07 Juni 2024 - 19:43 WIB

Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong Learning Mission

In order to realise its mission of “Educate and create wealth for community through unique and professional investment experience”, PT Trimegah Sekuritas Indonesia Tbk (TRIM) collaborates…

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…