Jakarta, Oct. 18 -- The Public Housing Savings Management Agency (BP Tapera) is encouraging young workers to purchase their first homes through the Housing Financing Liquidity Facility (FLPP), a government-subsidized housing financing program.

"This program can address current challenges, particularly those faced by young workers," BP Tapera Deputy Commissioner for Fund Utilization Sid Herdi Kusuma said in a statement on Saturday.

Kusuma highlighted several challenges young workers face when trying to buy their first homes, including rising property prices, high interest rates, and substantial down payment requirements.

To address these barriers, BP Tapera provides subsidized housing loans, known as KPR, through the FLPP program. The i...