BP Tapera Says Subsidized House Financing Has Been Disbursed To 1.47 Million Beneficiaries

JAKARTA - The Public Housing Savings Management Agency (BP Tapera) revealed that the Housing Financing Liquidity Facility (FLPP) funds have been distributed to 1.47 million beneficiaries.

BP Tapera Commissioner Heru Pudyo said, since it was first rolled out in 2010 until now managed by BP Tapera as of May 2024, it was recorded that the disbursement of FLPP housing financing assistance funds had reached Rp136.2 trillion.

"(This amount) is for 1.47 million housing units that have been utilized by low-income people (MBR) throughout Indonesia," Heru quoted Antara as saying.

In distributing FLPP funds for Tapera Houses, BP Tapera cooperates with channeling banks as financial service providers as well as housing development associations as housing providers. In 2024, BP Tapera collaborated with 37 banks from Himbara banks (State-Owned Banks Association) and BPD (Regional Development Bank), both conventional and sharia.

The cooperation association is carried out every year by looking at the achievement of the distribution performance of each channeling bank through the distribution quota commitment system which is always evaluated every quarter of the year of cooperation. For banks that do not achieve the target, BP Tapera will conduct an assessment of the bank for further distribution.

In 2024, BP Tapera is targeted to distribute 170,000 housing units of FLPP funds with a value of IDR 13.72 trillion sourced from DIPA APBN 2024 and Basic Returns of IDR 7.8 trillion.

As for 2024, as of June 21, 2024, 82,555 Tapera House units have been realized, worth Rp. 10.029 trillion. Through BP Tapera, the potential for developing the distribution of FLPP and Tapera housing financing assistance funds can be bigger as single housing financing in housing financing ecosystems with Tapera Houses.

BP Tapera carried out its duties based on the mandate of Law Number 4 of 2016. This stipulation was then stated in Government Regulation Number 21 of 2024 concerning Amendments to Government Regulation (PP) Number 25 of 2020 concerning the Implementation of Public Housing Savings.

PP Number 21 of 2024 concerning the Implementation of Public Housing Savings improves the previous rules in order to realize better governance in the use of Tapera funds, as well as affirmation of the management of Housing Financing Liquidity Facility (FLPP) funds which are government investments managed separately from Tapera funds. This is in accordance with the laws and regulations regarding government investments.

The FLPP funds are housing financing funds that have been rolled out by the government since 2010 for low-income people (MBR) in obtaining the convenience of having their first home. Through FLPP, MBR obtained housing financing assistance facilities with a fixed interest rate feature of 5 percent, low down payment, and a long installment period of up to 20 years.

At that time, FLPP funds were managed by the Ministry of Public Works and Public Housing through the Public Service Agency of the Housing Financing Fund Management Center (BLU PPDPP). Then according to the role of BP Tapera as the Government Investment Operator, through the Minister of Finance Regulation Number 111/PMK.06/2021 concerning the Mechanism for Transferring FLPP Funds from PPDPP to BP Tapera, on December 22, 2021 FLPP funds were transferred to BP Tapera, along with the FLPP distribution permit issued by the Ministry of Finance on February 17, 2022.