Vuokraetu

Vuokraetu is a Finnish term that translates to "rental benefit" or "housing benefit." It refers to a system designed to support individuals and families with low incomes in covering their housing costs. The primary goal of vuokraetu is to ensure that everyone has access to adequate and affordable housing.

The benefit is typically administered by Kela, the Social Insurance Institution of Finland. Eligibility for vuokraetu is determined by various factors, including household income, size, and the actual rent paid. There are specific income limits and asset tests that applicants must meet. The amount of the benefit varies depending on the applicant's circumstances and the cost of housing in their area. It is generally calculated as a portion of the rent, with higher benefits provided to those with lower incomes and higher housing expenses.

Vuokraetu can be applied for by individuals who are renting an apartment or other type of dwelling. It is intended to supplement, not replace, a person's own income. The benefit is paid out directly to the recipient, who is then responsible for paying their rent to the landlord. The system aims to prevent homelessness and reduce the financial burden of housing for vulnerable populations.