CHPA 2010 $2B subvention for low-income loans untouched

The low-income revolving loan facility for which the Central Housing and Planning Authority (CHPA) received a $2 billion subvention from the government in 2010 has not been touched and earned $80 million in interest up to the end of last year.

This is according to the audited financial statement of the CHPA for 2011,