The Foundation for Student Housing in the Helsinki Region
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 50 years, that small amount of start-up capital has turned into a business with a turnover of 76 million euro and 10 000 student apartments.
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.
The Foundation for Student Housing in the Helsinki Region (Hoas) is a non-profit foundation. Hoas rents are approximately 30 percent lower than the market.
Since its foundation the aim has been 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.
Since 1969 the aim has been to offer affordable housing to students
Hoas has approximately 18 000 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 96 %, 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.
Hoas – the easiest and the most comfortable student living.
The organisations behind Hoas
The largest founding organisations
- Student Union of University of Helsinki (HYY)
- Student Union of Helsinki University of Technology (TKY)
- Student Union of Helsinki School of Economics (KY)
The Student Unions of Helsinki University of Technology, Helsinki School of Economics and University of Art and Design Helsinki merged on 1st January 2010 to form Aalto University Student Union.
Other student unions in the capital area
- University of the Arts Student Union (TaiYo)
- Student Union of Hanken School of Economics (SHS)
Student Union of the Academy of Fine Arts (KUVYO), Student Union of Sibelius Academy (SAY) and Student Union of Theatre Academy Helsinki (TEYO) merged on 1st January 2013 to form University of the Arts Student Union.
Student unions in universities of applied sciences and other educational institutions
- Arcada Student Union (ASK)
- Student Union of Diaconia University of Applied Sciences (O´Diako)
- Student Union of Haaga-Helia University of Applied Sciences (HELGA)
- Student Union of Humak University of Applied Sciences (HUMAKO)
- Student Union of Laurea University of Applied Sciences (LAUREAMKO)
- Student Union of Metropolia University of Applied Sciences (METKA)
The values guiding Hoas’ operations
Hoas promotes student housing in a responsible way. Acting responsibly means always operating in a way that promotes socially, financially and ecologically sustainable development, in accordance with the stated purpose of the foundation. Our operation adheres to the principles of corporate governance.
Hoas strives to treat its customers equally in all operations.
Considering individual needs
Hoas aims to take its customers’ individual needs into account in its products and services, and in the application process.
Hoas’ operations and their guiding principles are transparent.
Hoas is a safe and reliable lessor.
We have listened to students’ needs and wishes and aimed at understanding future development trends. By taking these into account, we develop our housing supply and housing services to achieve a living experience that is as good as possible. We construct new buildings near campuses and locations with good public transportation connections. In addition, we do complete renovation to our older properties so that the apartments and common facilitiess are of high quality and pleasant to live in. Janitors take care of aspects of everyday living on the properties.
A student’s number one choice
Digitalisation and fast electronic services are becoming more and more important, but so is offering stability and security. As a non-profit foundation we offer affordable living for students who are in various situations in life. To accomplish all this we need a skilled staff whose well-being is looked after.