In the Law of the Republic of Indonesia No. 1 of 2011 on housing and residential areas, article 1 item 7 states that a house is a building that serves as a decent residence, a means of family building, a reflection of its owner's dignity, and assets to its owners. In order to provide facilities and / or assistance in obtaining access to homeownership credit to low-income communities, In 2010, the government through the Ministry of Public Housing issued policies and strategies through the Housing Financing Liquidity Facility (FLPP). The FLPP policy is a solution for the Low Income Community (MBR) to have affordable housing right away. In order to address these issues some policies are needed in order to achieve the country's objectives. That is the reason why researchers have taken this issue as a research in this dissertation. While the formulation of the problem is (1) Why is the policy of banking regulation of the legal process and housing service (Housing Financing Liquidity Facility) not yet fair? (2) What are the weaknesses of the current regulation of banking regulation of FLPP (Housing Financing Liquidity Facility) legal process and services? (3) How is the regulation of the banking regulation of the legal process and the servicing of the FLPP (Housing Financing Liquidity Facility) based on fair value? In connection with the title of this research, this study aims to present or exploit and analyze the reconstruction of regulatory policies aimed at fair value-based FLPP housing. This analytical descriptive is to illustrate a legal situation as it is with the theoretical paradigm of constructivism, and then explain it in a logical, systematic and comprehensive discussion. The research approach using empirical norms is selected by researching library materials or secondary data only. The results of this study conclude that (1) To support the creation of a fair financing market, access to long-term funding is required.