Senin, Februari 29, 2016 | Issue Number : 2828

House Passes Bill on Public-Housing Savings

As part of Indonesia’s 2016 National Legislation Program, the House of Representatives passed the Bill on Public-Housing Savings (“Bill”) on 23 February 2016.[1] In essence, the Bill aims to provide a legal framework for the organization of a housing-savings program for medium- to low-income workers who are looking to obtain affordable housing.[2] With this end in mind, the Bill regulates a number of broad topics covering public-housing savings, including:

a.	Criteria and obligations for participants in the public-housing savings program;
b.	Registration procedures;
c.	Premiums and benefits; and
d.	Establishment of a Housing-Savings Management Agency (Badan Pengelola Tabungan Perumahan Rakyat – “BP Tapera”), which will be responsible for organizing the public-housing savings program.

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*Syarat dan ketentuan berlaku

a.	Criteria and obligations for participants in the public-housing savings program;
b.	Registration procedures;
c.	Premiums and benefits; and
d.	Establishment of a Housing-Savings Management Agency (Badan Pengelola Tabungan Perumahan Rakyat – “BP Tapera”), which will be responsible for organizing the public-housing savings program.

......