Ministry of PUPR Adds Quota for Housing Subsidy Assistance in 2023 to 220 Thousand Units

JAKARTADAILY.ID – Indonesian Ministry of Public Works and Housing (PUPR) has increased the quota of recipients of housing finance assistance through the Housing Financing Liquidity Facility (FLPP) program in the 2023 fiscal year.

Director General of Public Works and Housing Infrastructure Financing Herry Trisaputra Zuna said that previously the quota for the 2022 FY was 200,000 units, in 2023 it will be increased to 220,000 units.

He said the additional quota for FLPP housing subsidy recipients would also be followed by an additional budget from 2022 of Rp 23 trillion to Rp 25.18 trillion.

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"The FLPP program in 2023 will be accompanied by the Advance Assistance Subsidy (SBUM) program with the same amount of 220,000 units amounting to Rp. Opinion (RDP) with Commission V of the Indonesian House of Representatives in Jakarta, as reported by pu.go.id, Monday, September 5, 2022.

In FY 2023, the Public Housing Savings (Tapera) subsidy program will also be distributed in the amount of Rp 4.64 trillion from public funds for 54,924 units.

So that the total target for distribution of housing subsidy assistance for FY 2023 is 274,924 units worth Rp 34.17 trillion, sourced from the State Budget of Rp 29.53 trillion and public funds of Rp 4.64 trillion.

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Herry TZ said that the realization of housing finance assistance for the 2022 FY was recorded as of August 31, 2022, the FLPP People's Housing Credit (KPR) program had reached 132,288 units or 66.14 percent of the target of 200,000 units.

The absorption of the realization of housing finance assistance for the 2022 FY reached 63.91 percent or Rp. 14.6 trillion from Rp 23 trillion. Meanwhile, Savings-Based Housing Financing Assistance (BP2BT) was realized 5,042 units or 69.23 percent of the target of 7,283 units with a budget absorption of Rp 196.5 billion or 67.44 percent of Rp 291.4 billion.

"For BP2BT, implementing banks are still focused on issuing subsidized mortgages with the FLPP scheme compared to the BP2BT scheme," said Herry TZ.

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