Employee Salaries Cut 2.5 Percent Every Month, BP Tapera: Participants Can Submit Mortgages Or Deposits Will Be Returned
JAKARTA - The People's Housing Savings Management Agency (BP Tapera) revealed that the revision of Government Regulation (PP) Number 25 of 2020 increased accountability in the management of Public Housing Savings funds.
"The change to this PP is the government's effort to improve the effectiveness of the implementation of Public Housing Savings and accountability in the management of Public Housing Savings funds," said BP Tapera Commissioner Heru Pudyo Nugroho as reported by ANTARA, Monday, May 27.
Heru Pudyo Nugroho welcomed the issuance of the regulation, which is a refinement of the previous regulation, where the Tapera management process is carried out through periodic storage by participants within a certain period of time, which can only be used for housing financing and/or returned the principal of the deposit along with the results of the dip after the participation ends.
BP Tapera carries the mandate in the form of distribution of housing financing based on savings based on mutual cooperation.
Participants who are included in the Low-Income Community (MBR) category can get benefits in the form of Home Ownership Loans (KPR), Home Building Loans (KBR), and Home Renovation Loans (KRR) with long tenors of up to 30 years and fixed interest rates below market interest rates.
Funds raised from participants will be managed by BP Tapera as savings to be returned to participants
"The funds returned to Tapera participants when the membership period ended are in the form of a number of basic deposits along with the results of the burial," said Heru Pudyo Nugroho.
People who fall into the low-income category and don't have a home can first apply for Tapera financing benefits, as long as they have become Tapera participants.
In managing the Tapera fund in question, BP Tapera prioritizes transparency and accountability in accordance with the principles of Good Corporate Governance (GCG) and gets direct supervision from the Tapera Committee, the Financial Services Authority, and the Supreme Audit Agency.
President Joko Widodo has stipulated Government Regulation Number 21 of 2024 concerning amendments to Government Regulation (PP) Number 25 of 2020 concerning Public Housing Savings (Tapera) which is set for May 20, 2024.
Some of the main things regulated in Government Regulation Number 21 of 2024 regulate the provisions including the authority to regulate Tapera Participation by the relevant Ministry, as well as the separation of sources of funds between funds for Housing Financing Liquidity Facilities (FLPP) from Tapera funds.
BP Tapera was formed based on Law Number 4 of 2016 concerning Public Housing Savings, which is further regulated through Government Regulation Number 25 of 2020 concerning the Implementation of Public Housing Savings, with the aim of collecting and providing sustainable long-term low-cost funds for housing financing in order to meet the needs of decent and affordable houses for participants, as well as having functions to protect the interests of participants.