According to the information AA correspondent received from the Ministry of Environment, Urbanization and Climate Change, urban transformation works carried out for the renewal of the building stock in Istanbul, which is at risk of earthquake, continue.
Since 2012, 1 million 298 thousand independent sections throughout the city have been included in the scope of transformation by the Urban Transformation Directorate. The transformation of 1 million 7 thousand of them has been completed, and work continues on 291 thousand independent sections.
The work carried out for the renewal of risky buildings in 39 districts of Istanbul aims to provide citizens with earthquake-resistant and safe houses.
The urban transformation process, which begins with the detection of risky buildings, continues with demolition, project planning, licensing and construction of new buildings after the agreement of the rights holders.
In this process, within the scope of the "Half of It is on Us Campaign", which was implemented to ease the financial burden of citizens and accelerate the transformation of risky buildings, the transformation process has been initiated in 544 thousand 564 independent sections so far.
Within the scope of the campaign, the number of independent sections whose transformation was completed, which was 117 thousand 914 as of September 22, reached 123 thousand 396, an increase of 5 thousand 482.
The duration of the campaign has been extended to December 31, 2027
The duration of the Half is on Us Campaign, which came into force on February 22, 2024 in order to accelerate urban transformation works in Istanbul, has been extended for another year.
The new end date of the campaign, which was previously planned to end on December 31, 2026, was determined as December 31, 2027 with the regulation published in the Official Gazette.
Thus, citizens who wanted to renew their risky buildings were given additional time to benefit from the support provided by the campaign.
1 million 875 thousand lira support is provided per house
Within the scope of the campaign, a total of 1 million 875 thousand lira support is given to the beneficiaries in building-based transformations, including 875 thousand lira grant, 875 thousand lira loan and 125 thousand lira moving assistance for each house.
A total of 1 million lira support is provided for workplaces, including 437 thousand 500 lira grant, 437 thousand 500 lira loan and 125 thousand lira relocation assistance.
Loan repayments start two years after the building permit is obtained and maturity is up to 10 years. No interest is applied in the first year of repayment, and in subsequent years the debt amount is updated by half of the Consumer Price Index (CPI) rate.
Payments are made according to the progress of construction.
In building-based transformations, grant and loan supports are transferred directly to contractor companies on behalf of the beneficiaries.
Payments are made in four stages according to the progress level of construction.
In this context, 30 percent of the support amount is paid upon the start of the work, 30 percent upon completion of the carrier system, 30 percent upon reaching the plastering stage, and the remaining 10 percent upon receipt of the building use permit.
Moving support is given all at once to the tenant if there is a tenant in the independent section, otherwise to the landlord.
Citizens who want to benefit from the campaign must first determine the risk status of their buildings through organizations licensed by the Ministry.
Following the detection of a risky structure, procedures regarding the transformation process are carried out with the agreement of the rights holders.
TOKİ and Emlak Konut GYO undertake major transformations
After the project design of the new building, license and floor easement procedures are completed, rights holders can benefit from campaign support by applying to the relevant district municipality.
A grant commitment and a loan agreement are signed with the beneficiaries on the appointment date determined by the Ministry.
In building-based transformations, citizens can have their buildings rebuilt through contractor companies. TOKİ and Emlak Konut GYO undertake the construction of large site-based and similar area-based transformations.
