Income and asset limits

State-subsidised apartments are subject to income and asset limits, which affect the selection of residents. The rental homes to which income or asset limits apply are marked in our apartment search.

Income limits apply to tenant selection for state-subsidized rental apartments.
These limits apply to new tenant selections as well as internal apartment changes within the same property owner.

A minor share of Asuntosäätiö’s rental homes are state-subsidized rental apartments. In these apartments, tenant selection is based on the income of the applicant(s). The applicant’s assets or need for a home are not taken into account in these homes.

In this context, income encompasses earned income and income from capital, including wages and wage supplements, pension and any rental and dividend income. The maximum income limit applied in the selection of residents means that your monthly income cannot exceed the limit defined by The Centre for State-Subsidised Housing Construction (Varke), formerly The Housing Finance Development Centre of Finland (Ara). If your income varies, we will evaluate the income over a longer period of time. Read more about income limits here (n Finnish)

If you are applying for a rental home to which an asset limit is applied, you must provide a statement on your income. You will be requested to provide the required documentation on your income (e.g., a tax decision and wage or pension slip) if we are able to offer you the home you have applied for.

In rental homes with asset limits, the selection of residents is based on assets, income and a needs assessment. Those who are in an urgent need for a home and who have the smallest assets and the lowest income are given priority.

Assets include, for example, real estate or an apartment owned by the applicant(s) as well as savings. Assets are taken to encompass the applicant’s assets at the time of application.

If you are applying for a rental home to which an asset limit is applied, you must provide a statement on your need for a home and your assets. You will be requested to provide the required documentation on your assets if we are able to offer you a home. You do not need to attach the documentation to your application.

The asset limit for a rental home depends on the locality and the size of the applicant household. The asset limits applied in the municipalities in which Asuntosäätiö has rental homes to which these limits apply are listed below.

ESPOO

HELSINKI

VANTAA

SIUNTIO

TUUSULA