The law proposal for the new housing finance program became material

The law proposal for the New Housing Finance Program was accepted in the General Council of the Grand National Assembly of Turkey and became a material.

With the proposal, the general framework of the New Housing Finance Program is determined, the end of the contributions and penalty decisions are regulated.

Accordingly, a contribution will be made to installments with the aim of facilitating the housing finance installment payments of real persons. For this, cash resources will be transferred to the relevant banks through a public bank to be determined by the President. The total principal amount of housing finance, which can be contributed within a year, will not exceed 220 billion liras.

Details will be added…