SMF Implements Dual Strategies to Boost 3 Million Homes Program

Strategic Initiatives for Housing Development

PT Sarana Multigriya Finansial (SMF) is taking significant steps to support the government's ambitious 3 million homes program through two primary initiatives. The company remains committed to its mandate as a fiscal instrument for housing development in Indonesia.

FLPP Funding Distribution

SMF has been actively participating in the 25% FLPP (Mortgage Financing Down Payment Assistance) funding. As of Q3 2025, the company has successfully distributed Rp29.92 trillion worth of FLPP funding, equivalent to supporting 797,120 housing units. This achievement represents a 1.6 times leveraging effect from the State Capital Participation (PMN) received by SMF, facilitated through the issuance of debt securities worth Rp17.94 trillion.

Griya Tunas Micro Housing Program

The Griya Tunas micro housing program has emerged as a crucial component of the 3 million homes initiative. Launched to address the housing backlog, particularly for ultra-micro entrepreneurs who operate businesses from home, Griya Tunas provides accessible financing solutions. By June 1, 2025, SMF, in collaboration with financial institutions, has successfully disbursed 36,545 micro housing loans out of a government target of 50,000 homes earmarked for renovation financing.

Business Performance Highlights

SMF's financial performance demonstrates robust growth and resilience. As of Q3 2025, the company's assets grew by 6.7% year-over-year to Rp53.66 trillion. Net profit also recorded a positive growth of 3% to Rp432 billion compared to September 2024. This performance underscores SMF's business sustainability amidst economic challenges.

Strategic Role in Monetary Policy

The company plays a vital role in supporting national monetary policy. The designation of SMF's debt securities as underlying assets for Bank Indonesia's REPO transactions highlights the monetary authority's recognition of SMF's asset quality and its contribution to maintaining financial system liquidity.

Future Outlook

With its strategic initiatives and strong financial performance, SMF is well-positioned to continue supporting the government's housing programs while maintaining its role as a key player in Indonesia's financial sector.