Hoas – Homes for students

Hoas is an example of what the student community can do together. It all began when 16 student organisations in the Helsinki area put their heads together, gathered a small amount of capital and took out a hefty bank loan. Those were the humble beginnings of the Foundation for Student Housing in the Helsinki Region sr, which has worked since 1969 to provide affordable rental housing for students. In a little over 45 years, that small amount of start-up capital has turned into a business with a turnover of 70 million euro and 9 400 student apartments.

The Foundation for Student Housing in the Helsinki Region (Hoas) is a non-profit foundation, founded to relieve the shortage of student housing in the capital area. Hoas works in cooperation with the student unions of the University of Helsinki and Aalto University, as well as 10 other university and polytechnic student unions.

Hoas rents out, builds and maintains housing in the capital region for students who are studying full time at schools of secondary level education. Hoas works together with universities and polytechnics by offering furnished apartments and housing services also to international exchange students.

Hoas has approximately 18 500 tenants, roughly a third of whom are international students.  Each year, about 10 000 new tenancy agreements are signed. The average length of a tenancy is 1.5 years. The average occupancy rate of Hoas housing is 99%, taking yearly renovations into account.

The majority of Hoas' rental services and property maintenance is managed by Hoas' own staff, with the help of a number of partners and service providers.

In 2016 Hoas is building new properties in Käpylä, Viikki and Myyrmäki. The investments are generally financed with state-guaranteed subsidised loans.

Hoas provides homes for students.