Minister Of PKP: Minister Of Finance Purbaya Does Not Increase Interest For Subsidized Houses

Minister of Housing and Settlement Areas (PKP) Maruarar Sirait. (Photo: Doc. Antara)

JAKARTA - Minister of Housing and Settlement Areas (PKP) Maruarar Sirait (Ara) revealed that the Minister of Finance (Menkeu) Purbaya Yudhi Sadive did not raise interest for subsidized houses.

"I thank the Minister of Finance for his support by not raising interest on subsidized houses, so that the subsidized house interest remains at 5 percent," said Ara in Jakarta, quoted by Antara, Wednesday, October 15.

He also added that the quota for subsidized houses next year will be 350,000 units. Meanwhile, this year there are 45,000 housing renovation programs by the state through the Self-Help Housing Stimulant Assistance (BSPS) program, and next year the budget allocation will increase for 400,000 BSPS units.

"I have reported the absorption of the budget at the Ministry of PKP, I promise that our absorption in December 2025 at least 96 percent will be achieved," he said.

Meanwhile, Minister of Finance Purbaya believes that cooperation, all problems between governments, coordination and others can be resolved quickly.

"We made all of this, we made the rules. So we can clean it up quickly," said Purbaya.

The housing subsidy program for Housing Financing Liquidity Facilities (FLPP) is a housing financing subsidy program provided by the government to help low-income people buy houses under a subsidized mortgage scheme.

Through this program, the government provides cheap funds to channeling banks so that people can get houses with low interest rates, low down payment and long tenor.

For information, the Minister of Housing and Settlement Areas (PKP) Maruarar Sirait or disapa Ara revealed that the housing subsidy program of the Housing Financing Liquidity Facility (FLPP) is the main solution to overcome the backlog of homeownership.

Meanwhile, the Self-Help Housing Stimulant Assistance (BSPS) program, he continued, is aimed at reducing 26.9 million Uninhabitable Houses (RTLH).

He also expressed his gratitude for the President's policy in favor of the small people, starting from the free Rights to Land and Building Assets (BPHTB).

Then accelerate and exemption from Building Building Approval (PBG) costs, until the increase in FLPP quota to 350 thousand units, the largest in history and keeping FLPP interest fixed at 5 percent.