Sustainability Challenges in TAPERA Program

TAPERA is a housing finance program through the fertilization and utilization of community funds which are used for the construction and improvement of community housing in a sustainable manner. Since TAPERA is a long-term program, one of the important issues is sustainability. The purpose of this study was to analyze the challenges of the sustainability of the TAPERA Program as indicated by the financial position (surplus or deficit) and queue of participants. Projection of the sustainability of the program is carried out through simulations adapted from the model developed by the Directorate of Housing Financing Team, Ministry of Public Works and Public Housing of the Republic of Indonesia. The study results show that the critical number of TAPERA funds is mainly influenced by the allocation of fertilization and utilization. Based on the simulation of a sustainable program, an optimistic scenario is applied with an allocation of 65% utilization and 35% fertilization. On the other hand, the growth in the number of participants in the queue (waiting list for TAPERA benefits) is above the growth in the number of beneficiaries. This is a burden for TAPERA in the future. Under these conditions, the policies that must be considered are adjustments to the level of savings and subsidies for participants.