Toki Will Retirees To Buy A House

The Prime Ministry Housing Development Administration (TOKI) mobilized the pensions to make them homeowners. For this, TOKİ has implemented two different methods as 'demand projects' and 'seperation of 25 percent quota for social housing projects'. This year, TOKİ aims to house a large number of retirement houses with an installment of 300 liras per month. TOKI will allocate 25 percent quota for the retirement from the 65 thousand social housing that it will build in 2017. Thus, this year will be able to become a homeowner as 16,250 pensioners pay rent.

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How to Apply?

TOKI makes announcements to retirees who want to be a host from their website. Those who clicked on the "Private to retired" section at “www.toki.gov.tr” can see the projects and their application dates from here. Application and sales transactions are carried out through Ziraat Bank and Halk Bank. At the time of application, it is enough to present the papers for retirement ID card or retirement certificate.

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The House Will Not be Able to Take Advantage of This

The conditions for obtaining a house from TOKI are as follows: The residence of the province within the province / district boundaries where the project is located is not less than 1 year, or the province is registered with the province where the project is located; Not having received housing from TOKI; not having an independent section or a self-contained dwelling on the floor belonging to the child, his / her spouse and / or children under his / her custody; monthly household income is at most 3,200 liras (3,700 liras in Istanbul); Retirement from the Social Security Institution (if the pensioner dies, the widow may be present): only one of the spouses is eligible to apply if both are retired.

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