What are the 2025 application requirements for the low-income housing campaign, and when and how can one apply?

The year 2025 has drawn attention following the declaration of the "Year of the Family" by AKP Chairman and President Recep Tayyip Erdoğan. In this context, Vice President Cevdet Yılmaz, speaking at the Population Policy Board, stated, "To encourage starting a family, we will implement financial support for young couples, marriage counseling, and social housing programs that prioritize those buying their first home." Following this, questions regarding the low-income housing campaign, such as application requirements, dates, and how to apply, have come to the fore. Additionally, the interest rate and maturity period for low-income housing loans are among the topics of interest.

WHAT ARE THE APPLICATION REQUIREMENTS FOR THE LOW-INCOME HOUSING CAMPAIGN?

For low-income citizens and first-time homebuyers, it is planned to introduce requirements such as a 240-month maturity, a 10 percent down payment, and a household income not exceeding 45,000 TL. Furthermore, as in previous projects, members of the nuclear family must not own any residential property. In other words, for married individuals, it will be a requirement that the spouse does not have a registered residence in their name.

Those who have reached the age of 18 will be able to apply for housing if they meet the necessary conditions. Social housing projects will be family-oriented, and it is expected that 2+1 and 3+1 residences will be built within this scope.

HOW MUCH WILL THE PAYMENTS BE?

The payment capacity of a person with a household income of 45,000 TL will be evaluated, and the average monthly payment amount is expected to be between 15,000 and 20,000 TL. As with TOKİ residences, installments may increase annually at the rate of civil servant salary raises. However, TOKİ generally takes care to keep these increases below the civil servant salary raise rate.

LOAN INTEREST RATE AND MATURITY PERIOD

In the social housing campaign, it is planned to lower loan interest rates and extend maturity periods.

If interest rates are reduced to the 2% level, the monthly payment amount for a 1 million TL loan is expected to drop to around 20,000 TL. Additionally, it is stated that the maturity period could be extended up to 20 years.

PRIORITY FOR YOUNG AND NEWLYWED COUPLES

Within the scope of the project, it is planned to give priority to young couples who will be homeowners for the first time, newlyweds, and retirees. It is also stated that special quotas will be allocated for the families of martyrs, veterans, and individuals with disabilities.

WHEN WILL IT START?

According to experts, new projects are expected to be announced by the Ministry of Environment, Urbanization and Climate Change in the third quarter of 2025. An application process for 100,000 housing units could be initiated in the first phase. However, it is anticipated that activity regarding financing will increase towards the end of the year.