Ministry of Finance Supports Utilization of BLBI Confiscated Land for Three Million Houses Program

Ministry of Finance Supports Utilization of BLBI Confiscated Land for Three Million Houses Program
Aerial photo, a row of post-development housing units in a housing complex in Kendari, Southeast Sulawesi, Tuesday (29/10/2024). (ANTARA/Andry Denisah)

THE MINISTRY of Finance fully supports the proposal of the Minister of Housing and Settlement Areas (PKP) Maruarar Sirait regarding the use of Bank Indonesia Liquidity Assistance (BLBI) assets to execute the three million house program.

“Indeed, in the near future, I will meet with Pak Ara, Minister of Housing, to discuss this matter. We are of course very supportive regarding the use of BLBI land,” said Director General of State Assets at the Ministry of Finance Rionald Silaban to reporters, Bandung, Thursday ( 7/11) evening.

The Ministry of Finance, he continued, has prepared a list of BLBI assets that can be used in the three million homes program. The preparation of the list is intended so that the PKP Minister can see areas that suit needs based on distance and community interests.

“Because basically building a house also depends on people’s interest in the area. So, we are preparing a list. Mr. Ara has called me, I’m just waiting,” said Rionald.

However, Rionald, who is also the Chair of the BLBI Claims Rights Task Force, was reluctant to mention in more detail the location of the assets that would be handed over. “I have a list in several areas, we’ll see what the options are. But the point is, we really support it so that there is immediate use,” he explained.

It is known that the Minister of PKP proposed that land confiscated from corruption and assets confiscated from BLBI be used for the three million houses program. This proposal is considered relevant because the government no longer needs to spend funds for land acquisition.

Apart from that, the land that has been confiscated by law enforcement originally belonged to the state. Therefore, according to Ara, it would be beautiful if what the state owned was then given to the people. (D-2)

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Vice Minister or deputy Minister

**Interview ​with Rionald Silaban, Director General of State Assets at⁤ the‌ Ministry of Finance**

**Interviewer:** Thank you for joining us today,​ Mr. ⁢Silaban. The Ministry of Finance has recently expressed strong support for ‍the proposal to utilize Bank Indonesia Liquidity⁤ Assistance (BLBI) assets ⁣for the three million houses program. Can you explain how this initiative will benefit housing‍ development in‍ Indonesia?

**Rionald ⁢Silaban:** Thank⁣ you ⁤for having ⁣me. The utilization of BLBI assets is crucial for addressing the housing deficit in our country. By repurposing⁢ these assets, we can expedite the construction of affordable housing units for ​households earning​ up to 80% of the area median⁣ income. This initiative not ⁣only aims to provide shelter​ but also stimulates economic growth by creating jobs in construction⁣ and related sectors.

**Interviewer:**‌ That’s an important angle. How⁣ do you envision the collaboration with the Ministry of Housing proceeding to ensure the success of this‍ program?

**Rionald Silaban:** We are committed ⁣to ​working​ closely with ⁤the Minister of Housing, Pak Ara.​ Our upcoming meetings will focus on identifying specific sites where BLBI assets can be leveraged effectively. The goal is ​to create a ​sustainable ​and inclusive‌ housing ⁣program that meets the needs of low- to moderate-income families.

**Interviewer:** The Affordable Housing Program often faces challenges​ in ‌implementation. What measures are being considered to overcome potential hurdles?

**Rionald Silaban:** We are aware ⁣of the⁢ challenges, such as funding and regulatory issues. To‌ address this, we⁢ are collaborating with financial institutions ‌and stakeholders to secure additional funding and streamline the ​approval processes. Additionally, we’re committed to transparency and community ​engagement to ensure that the developments meet local needs.

**Interviewer:** It sounds like a comprehensive approach. In your⁣ opinion, how significant is this initiative‍ in the broader context of Indonesia’s housing crisis?

**Rionald Silaban:** This initiative is ​a significant step forward. Indonesia faces a tremendous housing ⁣shortage, and⁢ programs like this can make a substantial impact. ‍By providing affordable housing, we can improve ‌living standards, ⁤enhance community⁤ stability,⁣ and ⁣foster economic development across the country.

**Interviewer:** Thank ‌you, Mr. Silaban, for sharing ⁣your⁤ insights ‌on ​this‌ important initiative.​ We look forward to seeing the positive changes in housing development in Indonesia.

**Rionald Silaban:** Thank you ‌for the opportunity. Together, we can make a meaningful difference in the lives of many families.

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