KUALA LUMPUR, April 27— A total of 1,450 families have benefited from Rent-To-Own (RTO) scheme under the People’s Housing Project (PPR) in the country, the Dewan Negara was told today.
Deputy Minister of Urban Wellbeing, Housing and Local Government Datuk Halimah Mohamed Sadique said the scheme was an effort by the government to help the poor, especially those who failed to get assistance (unbankable) from financial institutions.
“We have many qualified applicants to apply for PPR unit under the ministry’s criteria but do not qualify for a loan from the bank although the house is only priced at RM35,000 as they are ‘unbankable’ as some of them don’t have fixed income.
“Therefore, the ministry proposed that this group be given assistance. The implementation of the RTO allows them to inhabit without having to pay a deposit, only need to pay the monthly rental fees, and after a certain period of time the house will be theirs,” she said during the oral question session at the Dewan Negara today.
She was replying to a question from Senator Megat Zulkarnain Omardin who asked the ministry to state the extent of the effectiveness of the RTO programme in realising its effort to help individuals who failed to get financial assistance to own their own home.
PPR residents would be eligible for consideration for RTO scheme especially those, who, in the period of two years, had not violated any terms of the agreement and had a clean record in monthly rental payment, she said.