Where is the Highest Disbursement of Affordable Housing Financing Facilities (FLPP)?

The Housing Financing Liquidity Facility (FLPP) from January to June 2017 reached Rp 474.28 billion, a 21 percent decrease compared to the same period the previous year. The number of projects reached 4,103 units, a 41.46 percent decrease from the previous 7,000 units.

The largest FLPP Home Ownership Credit (KPR) disbursement in the first six months of 2017 was in West Papua, reaching Rp 106.78 billion with 673 units. West Java ranked second with Rp 47.49 billion disbursed for 426 units. North Sumatra was third with Rp 42 billion for 434 units.

FLPP is a housing financing facility for low-income individuals, both with and without fixed incomes. The high demand from low-income individuals to own homes prompted the Ministry of Public Works and Public Housing to provide the FLPP KPR. Individuals can receive a home purchase subsidy of Rp 4 million per house and an affordable mortgage interest rate with a 15-20 year repayment period.