Housing Credit Program Clarified: 5% - 10% Interest and Margin Subsidies Now Available, Distributors Required to Draw up Annual Plans

In August 2025, the government officially unveiled the Housing Credit Program through the issuance of Regulation of the Coordinating Minister for Economic Affairs No. 13 of 2025 (“Regulation 13/2025”).[1] In essence, the Housing Credit Program will now channel investment credit/financing and/or working capital credit/financing to micro-, small- and medium-scale enterprises (Usaha Mikro, Kecil dan Menengah – “UMKM”), including housing developers, construction service providers and contractors, as well as traders in building materials, as recipients of the Housing Credit Program (“Recipients”).[2]