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President Director of Home Financing Fund Management (PPDPP) Arief Sabaruddin noted in a written statement released on Saturday. ANTARA/HO-Kementerian PUPR

 The Public Works and Housing Ministry will encourage the utilization of the people's products and support industrial estate development to facilitate the nation's economic recovery.

"On average, products developed by the research and development center of the Public Works and Housing Ministry are those of small- and medium-scale businesses. That is what the minister is encouraging. For instance, the construction of instant healthy low-cost houses (RISHA)," President Director of Home Financing Fund Management (PPDPP) Arief Sabaruddin noted in a written statement released on Saturday.

Sabaruddin pointed out that the benefit received by each individual was huge. For instance, the development of a house of type 36 required 138 panels. The labor cost of each panel reached Rp11,000.

Meanwhile, Director General of Public Works and Housing Infrastructure Financing Eko D. Heripoerwanto noted that economic recovery in the housing sector was also conducted through the expedited implementation of subsidized home financing programs, including the home financing liquidity facility (FLPP), interest difference subsidy, and saving-based home financing assistance.

As of August 2020, a total of Rp8.54 trillion of FLPP funding was distributed for 84,080 homes.

In total, Rp52.91 trillion of FLPP funds were distributed between January 2010 and 2020 for 739,682 homes.

Earlier, Public Works and Housing Minister Basuki Hadimuljono had stressed that the home sector should play a major role in mitigating the economic impacts of the COVID-19 pandemic.

The development of housing infrastructures will have a manifold effect on expediting growth in other sectors.  (ANTARA)