Resources Allocated to Social Housing Investments Increased by 150 Percent
In response to rising housing and rental prices, the government plans to implement a new model by increasing the social housing budget from 100 billion liras to 250 billion liras.
In line with increasing housing and rental prices, the government aims to raise the resources allocated for social housing investments by 150 percent, from 100 billion liras to 250 billion liras.
Details of the Budget Increase
The government is preparing to take new steps regarding social policies in response to the rise in housing and rental prices. Within this scope, the resources allocated to social housing investments will be increased by 150 percent, from 100 billion liras to 250 billion liras.
Resource Distribution Model
Under the new framework, the 250 billion lira resource is projected to be distributed according to the population, housing needs, and regional conditions of the provinces. Thus, it is aimed to prevent investments from concentrating solely in metropolitan cities.
TOKİ Production Will Accelerate
With this increase in the budget, it is aimed to accelerate housing production carried out through TOKİ. In the new period, TOKİ will place more emphasis on its projects in regions where supply is insufficient and prices are high.
Rental Social Housing Model
Another important pillar of the planning consists of rental social housing applications. This model, which has been implemented in Istanbul, is projected to be carried over to other provinces where rental prices are high.
Target Audience and New Projects
In social housing production, emphasis will be placed on projects directed toward low-income citizens as well as individuals with disabilities and newly married youth. Thanks to the new resources, tenants' access to cost-effective housing will be facilitated.