The Settlement movement emerged in the late 19th century to combat slum formation and inequality. This same ideology continues to guide us at Setlementtiasunnot: home and community create the foundation for a strong society. Local settlement houses support our buildings, strengthen community spirit, and make everyday participation a reality.
Non-profit, affordable housing puts these values into practice. Rents are cost-based, reflecting actual expenses rather than market-driven profit-seeking. Construction is financed by banks, and the state’s role is to provide interest subsidies that protect residents when interest rates rise. This is not about providing subsidies, but about responsible policy that stabilizes both people’s daily lives and the national economy. In their cost-based rents, residents cover the property’s operating and financing costs, as well as loan repayments.
Everyone must have the opportunity for a home, regardless of income level. At Setlementtiasunnot, this is concretely visible. Apartments for special groups and regular homes are located in the same buildings, in Finland’s best locations. This way, we prevent segregation and build communities where people live long and securely. Community reduces loneliness, supports living at home, and saves public funds. When a person has a home and a community, they have the opportunity to work, study, and participate.
If non-profit housing is cut, Finnish communities are directly cut. The result will be higher rents, deepening inequality, and increasing loneliness. The cost will be many times greater than today’s savings. And what happens to growth centers if affordable housing disappears and labor can no longer be secured?
Suvi Tuomala
CEO, Setlementtiasunnot
