What Setlementtiasunnot Oy does

Setlementtiasunnot Oy is a Finnish non-profit rental housing provider (yleishyödyllinen vuokrataloyhtiö) founded in 2000 as part of the Finnish Settlement movement (Suomen Setlementtiliitto). The company develops and operates ARA-funded affordable rental housing with an emphasis on community living, multi-generational blocks, and ecological building practices. As of 2024, the portfolio comprises approximately 1,800 apartments across 21 buildings in seven Finnish cities (Helsinki, Espoo, Vantaa, Hyvinkää, Tampere, Turku, and Joensuu), serving over 2,200 residents at a 97.5% occupancy rate.

The company's core offering is standard affordable rental housing (monthly rents of approximately €488-736 for studios and €808-1,037 for two-bedroom units), supplemented by specialized segments including student housing (Kontula, 121 apartments co-designed with Metropolia students) and senior housing. Resident services are delivered through a digital-first stack: the Kerro resident app (built on the one4all/o4a platform) for maintenance requests, sauna and laundry reservations, and messaging; the Tampuuri resident portal (etampuuri.fi) for lease management, payments, and key orders; and a maintenance request system for defect reporting. Water billing is handled by Smartvatten, and a new AI-powered chatbot ("Chatbot-Sasu") was launched in March 2025.

The business model is subscription rental income from individual residential leases, with tenant selection governed by ARA regulations based on housing need, income, and assets. Distribution is direct-to-consumer via the company's website and the Oikotie rental platform. The company is funded through ARA-subsidized development capital (including social financing from Kuntarahoitus) and operates on a non-profit basis under Finnish social housing regulations. Distinctive strategic elements include RTS environmental certification (Tapiola Jousenpuisto being among the first RTS-certified ARA properties), rooftop solar installations, Green Building Council Finland membership, and a community-building approach via active resident committees, housing coordinators, and co-design methodology developed with Metropolia University of Applied Sciences.

Name

Setlementtiasunnot Oy

Legal name

Setlementtiasunnot Oy

Website

https://www.setlementtiasunnot.fi

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Setlementtiasunnot Oy is a Finnish non-profit ARA-funded housing provider operating approximately 1,800 affordable rental apartments across seven Finnish cities. Founded in 2000, it serves students, seniors, and families through a community-focused rental model supported by the Kerro app and Tampuuri portal.

Ownership category

akta.pro rank

Product category

Affordable Rental Housing

SIC

Services-To Dwellings & Other Buildings (7340), Services-Social Services (8300)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industry

HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Affordable rental housing
• Non-profit housing provider
• Student housing
• Community living
• Senior housing

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Rental Income: Setlementtiasunnot generates revenue primarily through monthly rental payments from its approximately 1,800 apartments across 21 buildings in seven Finnish cities. Rents range from approximately €488-736 for studio apartments and €808-1,037 for two-bedroom units.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Setlementtiasunnot Oy is a Finnish non-profit housing company that provides affordable, community-oriented rental apartments across seven Finnish cities. Its portfolio of approximately 1,800 apartments includes standard rental housing, student housing, senior housing, and multi-generational blocks, with revenue generated primarily through monthly rental payments. Resident services are delivered digitally through the Kerro app and Tampuuri portal, complemented by communal spaces, housing coordinators, and resident committees.

Product overview

Setlementtiasunnot Oy is a non-profit housing provider founded in 2000, offering affordable rental housing across seven Finnish cities. The portfolio includes standard rental apartments, student housing, senior housing, multi-generational housing blocks (Sukupolvienkortteli), and artist housing (Ars Longa). Resident services are delivered through digital platforms including the Kerro resident app, Tampuuri resident portal, and online maintenance request system. Physical amenities across properties include community spaces, laundry facilities, saunas, gyms, rooftop gardens, and balconies.

Differentiator

Problem solved

Functional benefit

Products and services

• Standard Rental Housing Affordable rental apartments across Helsinki, Espoo, Vantaa, Hyvinkää, Turku, Tampere, and Joensuu with community-focused living and shared amenities. Studio apartments rent from approximately €488–736 per month and two-bedroom units from approximately €808–1,037 per month. Aimed at general public renters, families, and individuals seeking communal housing.
• Student Housing (Kontula) Student-specific rental housing with 121 apartments in Helsinki (studios 27.5–31.5 m², 1-bedroom 38.5–43.5 m², 2-bedroom 59 m²) featuring communal spaces, study areas, laundry, rooftop sauna, and broadband included. Designed with student involvement and aimed at university and polytechnic students.
• Hervanta Afrikanpiha Building Newly completed multi-generational rental building in Hervanta, Tampere, with approximately 50 homes and units designated for seniors. Aimed at general renters and seniors seeking community-oriented housing.
• Kerro Resident App Mobile and web-based resident communication application enabling maintenance requests, sauna and laundry reservations, announcements, and direct messaging with property management. Built on the one4all (o4a) platform. Provided to residents of Setlementtiasunnot.
• Tampuuri Resident Portal Online portal for housing services including lease agreements, rent payments, termination requests, parking and sauna reservations, key orders, and property information management. Used by Setlementtiasunnot tenants.
• Online Services Platform (Asioi Verkossa) Digital platform providing access to housing services, resident pages, maintenance requests, and the Kerro app for convenient 24/7 tenant management. Available to all Setlementtiasunnot residents.
• Chatbot-Sasu AI/chatbot-based customer contact channel providing residents with a new way to interact with Setlementtiasunnot for inquiries and service requests.
• Newsletter Service Email newsletter service for residents and subscribers providing updates on company activities, resident stories, and housing news. Managed via Creamailer platform.
• Maintenance Request System Online system for submitting and tracking property maintenance requests and urgent defect reports, with location-specific contact information for property management companies. Used by Setlementtiasunnot tenants.

Quantifiable outcome

• 97.5% occupancy rate in 2024, demonstrating sustained demand for communal affordable housing.
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Metropolia Ammattikorkeakoulu (Metropolia University of Applied Sciences)coreStrategic or Co-development PartnerCooperation agreement signed in October 2020. Metropolia students participated in co-design workshops for the Kontula student housing project. Metropolia film and television students produced a 4-part YouTube mini-series about Setlementtiasunnot living. The partnership involves mutual expertise development across spatial design, well-being, and stakeholder analysis.
• Invalidisäätiön Ammattiopisto LiveminorStrategic or Co-development PartnerLiven students conduct internships in property maintenance and cleaning at Setlementtiasunnot's Helsinki-area buildings under teacher supervision. The partnership provides students with practical learning opportunities in real work environments while supporting Setlementtiasunnot's property maintenance.
• Tampereen yliopisto (Tampere University)minorStrategic or Co-development PartnerSetlementtiasunnot participates in a two-year research and co-development project on future senior living, initiated by Tampere University and ARA. The project aims to identify versatile and adaptable housing solutions for people over 55.
• Suomen Setlementtiliitto (Finnish Settlement Association)coreStrategic or Co-development PartnerSetlementtiasunnot is part of the Finnish Settlement Association (Suomen Setlementtiliitto). The two organizations co-participate in events like SuomiAreena. The Settlement movement provides the ideological foundation for Setlementtiasunnot's community-based housing model.
• Green City FarmminorStrategic or Co-development PartnerPartnership with Green City Farm (operated by Perho Liiketalousopisto) for urban community farming. Setlementtiasunnot residents receive locally grown organic produce and participate in joint cooking clubs. The partnership embodies shared values around community and sustainability.
• Oulun SivakkaminorStrategic or Co-development PartnerOulu's non-profit rental housing company. Setlementtiasunnot's board visited Oulun Sivakka during a strategy day in Oulu in June 2026 to learn about new housing development solutions and best practices.
• Y-SäätiöminorStrategic or Co-development PartnerY-Säätiö is a foundation focused on preventing homelessness. Setlementtiasunnot participated in a Y-Säätiö stakeholder event at SuomiAreena discussing the Housing First model's role in reducing homelessness.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• HOAS (Helsingin Seudun Opiskelija-asuntosäätiö): Helsinki region's student housing foundation operating thousands of subsidized rental apartments. Directly comparable to Setlementtiasunnot's Kontula student housing model in target segment, ARA-style subsidized financing, and resident-services approach.
• Asuntosäätiö: Finnish non-profit housing foundation providing affordable rental housing across multiple cities and a long-standing cooperation partner of Setlementtiasunnot (e.g., Sukupolvienkortteli Jätkäsaari, 2017). Shares the non-profit, community-oriented housing mission and ARA-funded development model.
• Heka (Helsingin kaupungin asunnot Oy): City of Helsinki-owned non-profit rental housing provider with a large portfolio of ARA-regulated affordable apartments. Closest scale-comparable non-profit peer in the Helsinki metro and operates under the same ARA resident selection and rent framework as Setlementtiasunnot.
• TA-Yhtiöt: Tampere-area non-profit rental housing group providing affordable apartments across the Tampere region. Highly comparable business model — ARA-funded, non-profit, community-oriented — and serves the same Tampere growth corridor as Setlementtiasunnot's Hervanta and Niilo Härmälä properties.

Regional players

• Oulun Sivakka: Oulu-based non-profit rental housing company referenced directly as a Setlementtiasunnot board strategy-visit partner (June 2026). Operates the same ARA-funded, non-profit housing model but serves the Oulu region rather than overlapping with Setlementtiasunnot's southern Finland portfolio.

Broad incumbents

• Kojamo (Lumo Kodit): Finland's largest private residential rental operator (~40,000 Lumo apartments). Broad incumbent in the same Finnish rental housing market; offers overlapping capabilities at much larger scale and serves similar urban renter segments, though as a for-profit operator rather than community-mission non-profit.
• SATO Oyj: Long-established Finnish rental housing operator with a portfolio of roughly 25,000 apartments in major growth centers. Operates in the same Helsinki metro and Tampere markets as Setlementtiasunnot; offers comparable rental product but as a for-profit, listed-company incumbent rather than a non-profit ARA-funded provider.
• Heimstaden: Major Nordic residential property company with operations in Finland and other European countries. Competes in the same broader Finnish rental housing market and serves similar urban renter segments, though at much larger scale and with a for-profit, cross-border investment-driven model rather than a community-mission non-profit focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCkTnh81yNN7k1kTsjfjIM0g
• Facebookfacebook.com/setlementtiasunnot
• LinkedInlinkedin.com/company/setlementtiasunnot
• Instagraminstagram.com/setlementtiasunnot

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Setlementtiasunnot Oy