{"id":4608,"date":"2022-04-05T17:49:57","date_gmt":"2022-04-05T15:49:57","guid":{"rendered":"https:\/\/affordablehousingactivation.org\/?post_type=tribe_events&p=4608"},"modified":"2022-04-28T17:54:29","modified_gmt":"2022-04-28T15:54:29","slug":"right-of-occupancy-housing-in-finland","status":"publish","type":"exemplary_case","link":"https:\/\/affordablehousingactivation.org\/es\/casos-de-exito\/right-of-occupancy-housing-in-finland\/","title":{"rendered":"Right of occupancy housing in Finland\u00a0"},"content":{"rendered":"

Description<\/strong><\/p>\n

This can be used as security for a mortgage and attracts mortgage interest tax relief.\u00a0 In addition, the residents also pay a monthly residence charge for their right to occupy the dwelling.\u00a0 Right-of-occupancy housing is also subject to a monthly residence charge to cover capital expenses and upkeep costs.\u00a0 The amount of the residence charge is based on the cost recovery principle and may not exceed the average market rents of similar dwellings in the same locality.\u00a0 Right of occupancy dwellings can never be bought outright but the occupier has the right to live there permanently.<\/span>\u00a0<\/span><\/p>\n

There are restrictions on the resale of right of occupancy housing.\u00a0 These dwellings can only be sold to a buyer approved by the local municipality.\u00a0 When occupiers of a dwelling of this type decide to give up their right of occupancy, they receive a refund of their right-of-occupancy payment, plus an index increment corresponding to the change in the building cost index.<\/span>\u00a0<\/span><\/p>\n

Anyone aged 18 or older may apply for a right-of-occupancy apartment. There are no income restrictions, but applicants cannot own another dwelling in the same region or have the funds to purchase one.\u00a0 This form of housing has been financed mainly with state-subsidized housing loans or interest subsidy loans.<\/span>\u00a0<\/span><\/p>\n

Actors involved<\/strong><\/p>\n

Housing Finance and Development Centre of Finland (ARA)<\/span>\u00a0<\/span><\/p>\n

Scale<\/strong><\/p>\n

Local<\/span>\u00a0<\/span><\/p>\n

[1] For details on right-of-occupancy housing in Finland, see https:\/\/ym.fi\/en\/right-of-occupancy-and-part-ownership-housing<\/a>.<\/span>\u00a0<\/span><\/p>\n

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https:\/\/www.housing2030.org<\/a><\/p>\n

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An initiative of:<\/strong><\/p>\n

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Right-of-occupancy housing [1] is a mix of renting and homeownership. Under this model the occupier must first pay a right-of-occupancy payment, generally amounting to 15 per cent of the purchase price. <\/p>\n","protected":false},"featured_media":4693,"parent":0,"template":"","meta":{"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"Tribe__Tickets_Plus__Commerce__WooCommerce__Main","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":[],"_tribe_ticket_has_attendee_info_fields":false},"barrera":[116,114,119,120],"acf":[],"_links":{"self":[{"href":"https:\/\/affordablehousingactivation.org\/es\/wp-json\/wp\/v2\/exemplary_case\/4608"}],"collection":[{"href":"https:\/\/affordablehousingactivation.org\/es\/wp-json\/wp\/v2\/exemplary_case"}],"about":[{"href":"https:\/\/affordablehousingactivation.org\/es\/wp-json\/wp\/v2\/types\/exemplary_case"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/affordablehousingactivation.org\/es\/wp-json\/wp\/v2\/media\/4693"}],"wp:attachment":[{"href":"https:\/\/affordablehousingactivation.org\/es\/wp-json\/wp\/v2\/media?parent=4608"}],"wp:term":[{"taxonomy":"barrera","embeddable":true,"href":"https:\/\/affordablehousingactivation.org\/es\/wp-json\/wp\/v2\/barrera?post=4608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}