Asuntosäätiöt

Asuntosäätiöt, often translated as housing foundations, are a specific type of non-profit organization in Finland dedicated to providing affordable and sustainable housing. Their primary mission is to create and manage housing for individuals and families who may not be able to access market-rate housing due to economic or social reasons. These foundations operate on a long-term perspective, aiming to ensure the availability of housing for future generations as well.

The operations of asuntosäätiöt are regulated by Finnish law, and they typically acquire land and construct housing complexes. They then rent out these apartments to tenants. A key characteristic is that profits generated from rental income are reinvested back into the foundation's housing development and maintenance, rather than being distributed to shareholders. This allows them to maintain lower rental prices compared to commercial landlords.

Asuntosäätiöt often focus on creating diverse communities and may offer various types of housing, including apartments for families, students, and the elderly. They can also play a role in urban development by contributing to the creation of well-planned residential areas with good infrastructure and amenities. The concept of asuntosäätiöt is a significant part of Finland's social housing model, contributing to housing affordability and social cohesion.