Financing Methods and Public Intervention in Urban Transformation

Turkey has a significant financing requirement for residential construction, which will satisfy the needs of the growing population, in addition to the financing requirement for the replacement or reinforcement of nearly fourteen million residencies, which were identified as risky. In order to sustain a healthy housing policy and to be able to realize urban transformation; there is need to put new public and private financing tools into action, as well as to generalize them. In the study, potential new financing methods that can be used by the parties related to urban transformation are discussed. As a result of the literature review, real estate based capital market instruments and value capture methods are the tools proposed in Turkey in the financing of urban transformation