BCA Participating In KPR Subsidized Houses, Minister Of PKP: It Was An Extraordinary Breakthrough

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bank Central Asia Tbk (BCA) will certainly be involved in the subsidized housing financing program.

This was conveyed by the Minister of Housing and Settlement Areas (PKP) Maruarar Sirait (Ara) when met at the BPS office, Jakarta, Tuesday, August 26.

"BCA, right, just conveyed yesterday openly to the public. Of course this is a good initiative," said Ara.

According to Ara, subsidized housing financing from private banks is the first time this has been done.

"That's an extraordinary breakthrough. So far, whose subsidies have been subsidized? The subsidies are the state, but this is the subsidy (private). Have you ever been in Indonesia like this? It's good or not? That's why, because of trust in President Prabowo, yes," he said.

He admitted that he would immediately report the matter to President Prabowo Subianto. "Later I will report this to the President, because that is a very good thing," he said.

When asked further, when the private bank began distributing subsidized housing financing, Ara said, this was under BCA's authority.

"Of course when the time starts, how much will be subsidized, we leave it to BCA," he concluded.

Previously, the Government officially raised the FLPP quota target to 350,000 units this year.

This is stated in the Decree of the Minister of Finance (KMK) Number 235 of 2025 concerning Amendments to the Decree of the Minister of Finance Number 49 of 2025 concerning Determination of Details of Budget Financing in the Sub-Division of the Government Investment State Budget (999.03) for Fiscal Year 2025.

In the regulation, it is written that the FLPP quota target in 2025 was originally set at 220,000 units, now increasing by 130,000 units to 350,000 housing units.

"As a form of government support for the housing sector for the needs of providing housing for low-income people, it is necessary to add a target for the FLPP program by 2025 of 130,000 housing units, from 220,000 housing units to 350,000 housing units," the regulation reads as quoted on Friday, July 25.

The addition of the FLPP quota was also accompanied by adjustments to the investment financing allocation in the 2025 State Revenue and Expenditure Budget (APBN).

Based on the KMK attachment 235 of 2025, the government allocated IDR 35.2 trillion for the FLPP program.