Bostøtte

Bostøtte is a Norwegian term that translates to housing allowance or housing support. It is a financial scheme administered by the Norwegian State Housing Bank (Husbanken) aimed at assisting individuals and families with low incomes to afford their housing costs. The primary goal of bostøtte is to ensure that a reasonable portion of a household's income is not consumed by housing expenses, thereby contributing to housing security and a basic standard of living.

Eligibility for bostøtte is determined by several factors, including the applicant's income, the size of the household, the housing costs, and the municipality in which the housing is located. The scheme is designed to be progressive, meaning that households with lower incomes and higher housing costs generally receive a larger amount of support. There are also specific rules and considerations for different types of housing, such as owner-occupied homes, rental properties, and cooperative housing.

The application process for bostøtte is typically managed through Husbanken, often with assistance from the local municipality. Applicants must provide detailed information about their financial situation and housing arrangements. Decisions are made based on the established criteria, and the allowance is usually paid out on a monthly basis. Bostøtte is intended as a supplement to income and is not meant to cover all housing expenses. It plays a significant role in Norway's social welfare system by providing a safety net for vulnerable populations and promoting equitable access to adequate housing.