Turkey’s Public Housing Projects Declared a Success

Turkey's President Recep Tayyip Erdo?an hailed public housing projects in the country and said, “Through TOKI [the Housing Development Administration of Turkey], we accomplished what no one else in the world could achieve," he said at the opening ceremony for homes bu

BY Realty Plus
Published - Friday, 09 Jul, 2021

Turkey’s Public Housing Projects Declared a Success

Turkey's President Recep Tayyip Erdo?an hailed public housing projects in the country and said, “Through TOKI [the Housing Development Administration of Turkey], we accomplished what no one else in the world could achieve," he said at the opening ceremony for homes built by Turkey's government-backed housing agency. TOKI dates its foundation back to 1924, when the country was hit by a powerful earthquake. With an investment of approximately 200 billion Turkish liras ($23 billion), it has made people from all walks of life homeowners. Turkey has built over 1.1 million residences and workplaces and more than 24,000 facilities including stadiums, hospitals, schools, dormitories and sports halls via TOKI. The construction of 76,000 social housing units are under construction.