My First Home Campaign: A New Era Begins in Social Housing in Turkey Home ownership has been a big dream for many years, especially for low-income citizens... But it is a little easier to turn this dream into reality now. The “My First Home” campaign, which the government is preparing to implement within the scope of the Medium-Term Program, is a harbinger of a brand new era in the housing market. Maturities of Up to 15 Years with an Interest Rate of 1.20 According to the announced information, housing loan support will be provided with a fairly low interest rate of 1.20 for citizens who will become homeowners for the first time. The maturity period is expected to be extended up to 15 years. This ratio, while offering a serious opportunity in today's market, creates more accessible conditions according to the paying power of the citizen. Minister of Environment, Urbanism and Climate Change Murat Kurum's statement that “We will launch the largest social housing campaign ever made at the end of the year” raised expectations. We can say that a hopeful process is about to begin for pensioners, young people and families who do not have a home. Who Does the Campaign Cover? This special support was planned only for citizens who will become homeowners for the first time. The goal is clear: to make the right to housing accessible to a wide range of people. In other words, those who want to buy a second home will not be able to benefit from this campaign. Because the BRSA had previously announced that there would be restrictions on the use of loans for second home purchases. Izmir Special Conversion Loan: 0.69% Interest - 180 Months Maturity On the other hand, there are good news not only for those who want to buy a new house, but also for citizens who want to renovate their existing house. Within the scope of the “Climate and Disaster Resistant Cities Project”, which covers Izmir and the surrounding five provinces in particular; 0.69% interest rate, 180-month loan support will be offered. With this project supported by the World Bank, 330 million euros of resources have been allocated in the first stage. Urban transformation is no longer just a necessity, it is becoming an attractive opportunity. A New Page in Social Housing and Urban Transformation The My First Home campaign may be recorded as an important breaking point in social housing policies in Turkey. On the one hand, these steps, which support low-income citizens to own a home, on the other hand, pave the way for building safer and sustainable cities by encouraging the transformation of cities. As CEESS Global, we are also followers of this new era. We are ready to provide the most accurate information to our consultants in both social housing and urban transformation projects in the fastest way. When the details of the campaign are announced by the Presidency, we would like to announce here that we will provide special information to all our customers.