Provisions on Mortgage Liquidity Facility Funding under the Tapera Program Introduced

In order to ensure improved access to housing for Indonesia’s low-income citizens (Masyarakat Berpenghasilan Rendah – “MBR”), the Public Housing Savings Management Agency (Badan Pengelola Tabungan Perumahan Rakyat – “BP Tapera”) has issued Regulation No. 9 of 2021 on Financing for the Ownership of Housing Through Mortgage Liquidity Facilities (“Regulation 9/2021”), which sets out detailed guidelines on the implementation of the Prosperity Home Mortgage Financing (Kredit Pemilikan Rumah Sejahtera – “KPR Sejahtera”) program, a housing credit/financing program that is funded through the Mortgage Liquidity Facility (Fasilitas Likuiditas Pembiayaan Perumahan – “FLPP”) program.[1]