{
    "success": true,
    "data": {
        "id": 1587583,
        "msgid": "smf-targets-to-rejoin-the-griya-tuntas-subsidised-housing-programme-in-2026-1772625697",
        "date": "2026-03-04 17:45:00",
        "title": "SMF Targets to Rejoin the Griya Tuntas Subsidised Housing Programme in 2026",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Social Policy",
        "summary": "SMF says it will likely participate again in the government's Griya Tuntas housing repair and subsidised home programmes. It accounts for 25% of FLPP financing with a fixed 5% rate for 20 years, and in 2025 supported nearly 195,000 FLPP units while the Griya Tuntas target was exceeded with 52,000 units realised.",
        "content": "<p>Jakarta \u2014 PT Sarana Multigriya Finansial (Persero), or SMF, channels\ncredit via the Housing Finance Liquidity Facility (FLPP) scheme and the\nGriya Tuntas programme. SMF\u2019s Chief Executive Director Ananta Wiyogo\nsaid the state-owned company holds a 25% share of FLPP financing each\nyear. The scheme is designed to sustain subsidised housing loans with a\nfixed interest rate of 5% for 20 years.<\/p>\n<p>\u2018In KPR FLPP, our contribution accounts for 25% of total FLPP\nfinancing each year. Because we know the interest rate charged by the\nFLPP programme is a fixed rate of 5% and does not change for 20 years,\u2019\nAnanta said at SMF\u2019s press conference in Jakarta on Wednesday 4 March\n2026.<\/p>\n<p>In the financing structure, 75% of FLPP funds are channelled through\nTapera, while 25% go through SMF through a combination of State Capital\nParticipation (PMN) and the issuance of debt securities. To date,\ncumulative PMN received amounts to Rp17 trillion and the debt securities\nissued to support the scheme are around Rp16.4 trillion.<\/p>\n<p>\u2018So far we have received a cumulative PMN of Rp17 trillion, and we\nhave issued debt securities of Rp16.4 trillion. So the total 25% amounts\nto Rp34.3 trillion for 904,000 housing units,\u2019 he said.<\/p>\n<p>During 2025, SMF channelled its FLPP share to 194,600 housing units\nwith a funding requirement of around Rp8 trillion. Not only focusing on\npurchasing new homes, SMF is also addressing the housing repair sector\nthrough the Griya Tuntas programme.<\/p>\n<p>This programme targets low-income households with a micro-loan\nceiling averaging Rp3 million to Rp5 million and a maximum Rp10 million,\nwith a tenor of three years. The government\u2019s 2025 target of 50,000\nunits was exceeded.<\/p>\n<p>SMF Corporate Secretary Primasari Setyaningrum said the realisation\nof the home repair programme exceeded the target set.<\/p>\n<p>\u2018In the Griya Tuntas programme the target from the PKP ministry is\n50,000 units, but in reality we achieved 52,000 units. And as of this\nyear we are likely to continue participating in the Griya Tuntas\nprogramme,\u2019 she explained.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/smf-targets-to-rejoin-the-griya-tuntas-subsidised-housing-programme-in-2026-1772625697",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}