Asset limits in municipalities
Renting state-subsidised apartments is subject to the tenant selection criteria of the Housing Finance and Development Centre of Finland ARA. This means the applicant’s income, assets and the need for an apartment are taken into consideration. The tenant selection process gives priority to applicants without a home and others with an urgent need for an apartment as well as applicants with the least assets and lowest income.
In the case of apartment buildings subject to restricted tenant selection, your assets may affect your eligibility to rent an apartment. You are asked to provide information on your assets in the application for an apartment and, if necessary, we will request more detailed accounts of your assets when you reserve the apartment. You do not need to provide us with such accounts in advance.
Asset limits apply in all municipalities, but the levels may vary between municipalities. If the value of your assets exceeds the asset limit for the municipality where you are applying for an apartment, we can’t consider your application in the tenant selection of asset-limited apartments in the municipality in question.
Starting on January 1st 2025 the income limits for state-subsidised apartments are:
The maximum income limit for a household with one adult will be €3,540 per month before taxes.
For households with more than one adult, the income limit will increase by €2,480 per additional adult.
The increase for an income limit for children under 18 is smaller; for the first child under 18, the limit increases by €650, and by €600 for each subsequent child.
In the case of apartment buildings subject to restricted tenant selection, your assets may affect your eligibility to rent an apartment. You are asked to provide information on your assets in the application for an apartment and, if necessary, we will request more detailed accounts of your assets when you reserve the apartment. You do not need to provide us with such accounts in advance.
Asset limits apply in all municipalities, but the levels may vary between municipalities. If the value of your assets exceeds the asset limit for the municipality where you are applying for an apartment, we can’t consider your application in the tenant selection of asset-limited apartments in the municipality in question.
Starting on January 1st 2025 the income limits for state-subsidised apartments are:
The maximum income limit for a household with one adult will be €3,540 per month before taxes.
For households with more than one adult, the income limit will increase by €2,480 per additional adult.
The increase for an income limit for children under 18 is smaller; for the first child under 18, the limit increases by €650, and by €600 for each subsequent child.