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President Recep Tayyip Erdoğan on Friday oversaw the launch of what he described as Türkiye’s biggest social housing project ever to build around half a million residential units mainly aimed for the low- and middle-income citizens.
The properties will be build nationwide by the state housing agency TOKI and will feature affordable prices and long-term payment plans. The project also seeks to stabilize excessive rent increases, particularly in Istanbul, and facilitate access to safe and durable rental housing.
Called the “Housing Project of the Century,” the initiative advances the construction drive in earthquake-prone regions into a nationwide housing mobilization covering all 81 provinces.
It will provide safe housing against disaster risks while also ensuring affordable access to homes for citizens in every province, the Environment, Urban Planning and Climate Change Ministry said.
Special quotas will be allocated for families of martyrs, veterans, retirees, young people and families with at least three children.
