Government allocates Rp300 bln for subsidized housing ownership credits

Denpasar, Bali (ANTARA News) - Public Housing Affairs Minister M Yusuf
Asyari said the government had allocated funds amounting to Rp300
billion in 2007 for subsidized housing ownership credits.

"The allocated funds were fully used up by late September 2007," the
minister said when officially opening a workshop on the role of
regional banks in development of public housing here on Wednesday.

The government`s subsidies were expected to be increased to Rp800
billion for public housing credits, low-cost housing and self-financed
housing development.

The minister said the government was planning to build 1.3 million
subsidized low-cost houses and upgrade the quality of 3.6 million
self-financed houses. (*) END