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This chapter examines the Turkish State's Housing Development Administration's (TOKİ) mass housing programs for low-income groups, focussing on everyday negotiations of finance and debts in housing estates. The chapter draws on the findings of ethnographic research conducted in a mass housing estate in Istanbul, involving in-depth interviews with TOKİ households, real estate market actors, and experts from state-owned banks and TOKİ. The chapter traces the experiences of TOKİ homebuyers navigating through a private real estate market that emerges from the housing site as they mitigate current debt burdens with the expectation of potential financial gains in real estate. It examines lived experiences of indebtedness to understand how policy shapes relations of everyday finance, homeownership, and politics. Negotiations of finance and debt are theorized in three categories: housing provision, debt, and …