Yayasan Bina Upaya Darul Ridzuan (YBU) will soon introduce a funding scheme to allow the less fortunate an opportunity to own a house. The foundation’s proposed subsidised-housing scheme is estimated to cost RM5 million. For a start, a pilot project will be built near Taman Kaya in Taiping on a 50-acre former mining land site. Application for funding has been forwarded to the Prime Minister’s Department for approval, said Dato’ Zainal Abidin Omar, CEO of YBU. “I expect it to be approved sometime this year,” he said.
The foundation-initiated programme is targeted at those earning RM3,000 and less a month. “There are plenty in this category. Due to their financial standing they can’t commit themselves to a housing loan primarily because they neither have the means nor the resources to service bank loans,” he told Ipoh Echo after handing over keys to three recipients of houses under YBU’s Housing Infra Aid Programme (Bantuan Perumahan Infra) recently. The proposed project in Taiping will take the form of low-cost housing with each unit costing between RM35,000 to RM 55,000.
“They only need to pay YBU a monthly instalment of about RM150 for a fixed number of years to repay the soft loan,” said Zainal Abidin. “We’ll simplify the application procedures to reduce bureaucracy and red tape,” he remarked. The availability of this new scheme will be announced once the green light is received.
Last year YBU spent RM4 million to build and repair houses under its Housing Infra Aid programme. “A total of 60 new houses were constructed while 710 houses were repaired. Another RM4 million will be set aside for a similar programme this year,” said the CEO. Those in dire need to repair their dilapidated houses will, however, get a reprieve, as the state has allocated an additional RM1.3 million for the said purpose.
Eligibility for such privilege is contingent upon the applicants’ disposition. Application for the housing-aid programme must be supported by proof, preferably by the applicants’ political representatives (Aduns) or their village heads.
This is part of the state government’s strategy to eradicate poverty and to assist the poor and the marginalised, regardless of ethnicity and beliefs. A number of public and private agencies are involved in the programme. Among them are CIMB Bank and Majlis Agama Islam dan Adat Melayu Perak.
Those keen on applying can enquire with YBU at 05-255 5945/46 or visit the foundation’s office at Greentown Square, Jalan Dato’ Seri Ahmad Said, Ipoh (near Restoran Simpang Tiga).
The handing-over ceremony (pic) was done at the finished house belonging to Puan Robaiyah Abdullah, 48, in Kampong Kepayang.