BPD DIY Targets Distribution Of 100 FLPP Mortgage Units This Year

JAKARTA - The Regional Development Bank (BPD) of the Special Region of Yogyakarta (DIY) will distribute funds for Housing Financing Liquidity Facilities (FLPP) for 100 housing units for low-income people (MBR) this year.

The target was set after an assessment was carried out by the People's Housing Savings Management Agency (BP Tapera).

The agreement was marked by the signing of a Cooperation Agreement (PKS) between BP Tapera and BPD DIY recently.

The PKS was signed by the Deputy Commissioner for the Utilization of the Tapera Fund, Sid Herdi Kusuma, and the President Director of BPD DIY Santoso Rohmad.

As a form of support from the DIY Provincial Government, the signing of the PKS was witnessed directly by the Deputy Governor of DIY KGPAA Paku Alam X and BP Tapera Commissioner Heru Pudyo Nugroho.

In his remarks, KGPAA Paku Alam X conveyed the support of the DIY Government in providing access to home ownership for people in DIY Province.

"Hopefully we can accelerate and expand the reach of the FLPP Prosperous KPR program, so that more and more MBRs can benefit," said KGPAA Paku Alam X, Friday, May 25.

Sourced from the BP Tapera database, currently, DIY Province has 1,939 housing units in four Regencies/Cities of DIY Province. Meanwhile, the demand data (demand) was recorded at 3,642 in five districts/cities, especially in Sleman and Bantul Regencies.

Meanwhile, the President Director of PT Bank BPD DIY Santoso Rohmat said that the realization of PT Bank BPD DIY's FLPP was almost 500 houses and "It is hoped that the number will continue to increase so as to provide opportunities for the whole community to have a simple house," he said.

BP Tapera Commissioner Heru Pudyo Nugroho said property provides an extraordinary multiplier effect in the Indonesian economy.

Therefore, he invites all parties, namely local governments, the Implementing Bank and the Developing Association to support this program so that the community's economy can have a positive impact through the property sector.

"According to Susenas data, the DIY economy in the first quarter of 2024 towards the first quarter of 2023 grew by 5.02 percent (yoy). Of course this is a challenge for all of us to be able to play a role indirectly in reducing the poverty rate through the property sector," he added.

Nationally, the FLPP funds that have been distributed as of May 22, 2024, amounted to 76,730 housing units worth Rp9,318 trillion spread across 8,429 housing, built by 6,001 housing developers from 35 distribution banks in 33 provinces and 380 districts/cities. Meanwhile, Tapera housing financing contracts in the same period have been distributed as many as 1,786 units worth Rp268.4 billion.

Meanwhile, the Tapera housing financing contract in the same period has distributed 1,786 units worth Rp268.4 billion.

It is known, since the beginning of the distribution of the FLPP KPR until 2023, DIY Province has succeeded in realizing the distribution of 459 housing units worth IDR 50 billion or 0.20 percent of the total distribution of FLPP mortgages until 2023 of 229,000 housing units.

Referring to the Financial Note of the 2024 RAPBN, BP Tapera was mandated to distribute as many as 166,000 housing units worth Rp. 21.6 trillion and through the Ministry of Finance (Kemenkeu) optimized through the BP Tapera Main Performance Index (IKU) to 170,000 units of the same value.