SMF Supports Government's Affordable Housing Program with Significant FLPP Disbursement

Major Milestone in Housing Finance

PT Sarana Multigriya Finansial (SMF), a state-owned financial institution, has achieved a significant milestone in supporting the Indonesian government's ambitious 3 million homes program. As of Q3 2025, SMF has successfully disbursed Rp 29.92 trillion in Kredit Pemilikan Rumah Fasilitas Likuiditas Pembiayaan Perumahan (KPR FLPP) loans since 2018. This substantial figure represents 797,120 housing units, demonstrating SMF's crucial role in making homeownership more accessible to low-income households.

Government Mandate and Program Details

SMF has been mandated to provide 25% of the total FLPP funding, playing a vital role in the government's efforts to address the housing needs of Masyarakat Berpenghasilan Rendah (MBR) or low-income households. The KPR FLPP program is specifically designed to facilitate first-time homebuyers among the MBR category by offering more affordable financing options. In addition to KPR FLPP, SMF also supports the Griya Tunas program, which caters to micro housing loans, further expanding the reach of the government's housing initiatives.

Impact and Future Prospects

The successful disbursement of Rp 29.92 trillion through KPR FLPP underscores SMF's commitment to supporting the government's housing agenda. By enabling thousands of low-income households to own their first homes, SMF is not only contributing to the national housing target but also promoting financial inclusion and socioeconomic development. As the government continues to push for more affordable housing solutions, SMF is well-positioned to remain a key player in the implementation of future housing programs.