Sri Mulyani Shows Off Government Support For Low-Income People To Own Homes, Here's The Proof!

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JAKARTA - The Minister of Finance (Menkeu), Sri Mulyani, said that the liquidity facility for housing finance (FLPP) managed by PT Sarana Multigriya Finansial (SMF) is a form of government support in supporting the community, especially low-income groups, to be able to own a house as a place to live. .

This was conveyed by Sri Mulyani during a visit and signing of a commitment to implement the Main Performance Indicators related to the 2021 State Capital Participation (PMN) of PT SMF and PT Wijayakusuma Industrial Estate (KIW), at the Integrated Industrial Estate (KITB) Office, Batang Regency, Central Java, Friday, March 11th.

In her official statement, as reported by Antara, Saturday, March 12, Sri Mulyani explained that in 2021 SMF had disbursed matching funds to support the distribution of Housing Loans (KPR) for Housing Financing Liquidity Facilities (FLPP) for Low-Income Communities (MBR).

The funds are State Capital Participation (PMN) provided by the government in the amount of IDR 2.25 trillion in 2021, and mixed with funds from the issuance of debt securities, then used to support the FLPP mortgage program in meeting the target of FLPP mortgage financing subsidies for 157,500 housing units in 2021 for the Low-Income Community (MBR) segment.

Sri Mulyani explained, the program is a synergy between SMF and the Housing Financing Fund Management Center (BLU PPDPP) of the Ministry of PUPR, where SMF provides 25 percent of the portion of the distribution of FLPP mortgage funds, while the other 75 percent is provided by BLU PPDPP.

In 2021 the distribution of FLPP mortgage funds will reach Rp. 24.19 trillion for 178,828 housing units, with a PPDPP portion of 75 percent or Rp. 19.58 trillion, consisting of APBN funds worth Rp. 16.62 trillion and principal repayments of Rp. 2.96 trillion, while the SMF portion by 25 percent or Rp.4.62 trillion.

On this occasion, Sri Mulyani also had a dialogue with 10 beneficiaries of the FLPP KPR Program in Batang Regency, who admitted that it was very helpful because house prices were affordable and could function as a place of business that revived the regional economy.

On the same occasion, the Director of Securitization and Financing of SMF, Heliantopo, stated that with the use of PMN funds in 2021 at SMF, the realization of the distribution of FLPP mortgage funds in Central Java was IDR 1.29 trillion for 9,742 housing units.

"This is a manifestation of the state's presence to support the improvement of the community's economy, especially MBR, where the funds channeled for subsidized mortgages come from the APBN which are used as much as possible for the welfare of the Indonesian people," said Heliantopo.

Heliantopo hopes that SMF's support for the FLPP Mortgage Program can have a multiplier effect on the housing sector, so that it can help drive 170 other derivative industries and absorb labor, improve people's quality of life, and encourage acceleration of national economic recovery.