20.10.2026 10:04
The duration of the 'Half of It Is from Us' support, which entered into force on February 22, 2024, to accelerate urban transformation in Istanbul, has been extended until December 31, 2027. Following this decision, Minister Murat Kurum called on Istanbul residents to reach an agreement.
A new decision concerning millions of homeowners has been taken in the "Half of It Is on Us" campaign, launched to accelerate urban transformation in Istanbul. Minister of Environment, Urbanization and Climate Change Murat Kurum announced that the campaign, which provides financing of up to 1 million 875 thousand TL per residence, has been extended until December 31, 2027. The decision was published in the Official Gazette.
MURAT KURUM MADE A CALL
The duration of the "Half of It Is on Us" campaign, which entered into force by Presidential Decree on February 22, 2024 to encourage the renewal of risky buildings in Istanbul, has been extended.
In a statement on his social media account, Minister of Environment, Urbanization and Climate Change Murat Kurum announced that the new deadline for citizens who want to benefit from the campaign is December 31, 2027.
"DO NOT POSTPONE, REACH AN AGREEMENT"
Drawing attention to the importance of urban transformation in Istanbul, Minister Kurum said in his post:
"We have no time to lose for Istanbul. We must definitely carry out transformation for a city resilient to all disasters. Our Half of It Is on Us campaign is a very good opportunity for this. Our decision to extend the period was published in the Official Gazette, the new deadline is December 31, 2027. Do not postpone. Reach an agreement. Have your building identified as a risky structure, and let's start your transformation process. Let's make Istanbul safe together."
1 MILLION 875 THOUSAND TL SUPPORT PER RESIDENCE
Within the scope of the campaign, a total financing opportunity of 1 million 875 thousand TL is offered to rights holders who want to renew their risky residences.
The details of the support package are as follows:
- -875 thousand TL: Non-repayable grant
- -875 thousand TL: Credit support
- -125 thousand TL: Moving support
Thus, citizens can have their residences rebuilt through contractor companies by benefiting from the financing support provided.
THERE IS ALSO SUPPORT FOR WORKPLACES
The campaign covers not only residences but also workplaces in risky structures.
For one shop or workplace of the rights holder, a grant of 437 thousand 500 TL, a loan of 437 thousand 500 TL and moving support of 125 thousand TL are provided.
For each other shop belonging to the same rights holder, a loan opportunity of 875 thousand TL is offered.
TOKİ AND EMLAK KONUT STEP IN FOR LARGE SITES
In large-scale transformation projects such as sites and similar, construction work is undertaken by TOKİ or Emlak Konut.
In this model, each rights holder is given a grant of 875 thousand TL and moving support of 125 thousand TL.
While the grant amount is deducted from the total construction cost, the remaining debt is structured into installments with long-term and favorable payment terms.
THE DEADLINE FOR APPLICATIONS IS DECEMBER 31, 2027
With the new regulation, additional time has been granted to Istanbul residents who want to benefit from the "Half of It Is on Us" campaign.
Minister Kurum called on citizens to have their buildings identified as risky structures and to start the transformation process by reaching an agreement.