# Housing Finance and Development Centre of Finland

Canonical: https://web4.xpay.bi/en/wiki/wp-en-76204247/

Language: en

Published: 2026-10-30T16:26:35.574Z

Updated: 2026-10-30T16:26:35.574Z

The Housing Finance and Development Centre of Finland (abbr. ARA, Finnish: Asumisen rahoitus- ja kehittämiskeskus) was a Finnish government agency within the jurisdiction of the Finnish Ministry of the Environment, responsible for implementing state housing policy.

## Key facts

## Overview

The Housing Finance and Development Centre of Finland (abbr. ARA, Finnish: Asumisen rahoitus- ja kehittämiskeskus) was a Finnish government agency within the jurisdiction of the Finnish Ministry of the Environment, responsible for implementing state housing policy. ARA's tasks included granting subsidies, support, and guarantees related to housing and construction. Additionally, ARA directed and supervised the use of ARA housing stock and was involved in projects related to housing development and expertise in the housing market. ARA collected, analyzed, and disseminated information about the housing market and maintained industry networking and information services.

## History

In the late 1940s, after the Continuation War, the Arava system was established for financing housing construction. In 1966, Arava's tasks were transferred to the Finnish Housing Fund, and with its abolition in 1993 to the State Housing Fund. ARA was established in its current form on January 1, 2008. As part of the latest agency reform, ARA transitioned from a state housing finance-oriented organization to a body supporting development activities and communication in the construction sector. In a decentralization program of the government, ARA was relocated from Helsinki's Pasila to Lahti on July 1, 2008, based on a decision made in 2005. ARA was dissolved in 2025 and its duties were taken by the Ministry of Environment.

## Tasks and Activities

ARA's tasks included:

Developing sustainable, high-quality, and affordable housing; Improving housing conditions for low- and middle-income households and special groups; Directing and supervising the use of publicly beneficial housing communities and the ARA housing stock; Developing existing housing stock and residential environments; Promoting, utilizing, and disseminating development activities and research related to housing conditions; Collecting, analyzing, and disseminating housing market information; Maintaining the energy performance certificate register (register of qualified energy performance certificate issuers); Granting renovation subsidies.

## Organisation

ARA was led by Director General Hannu Rossilahti. The agency employed about 100 staff. The activities of the agency were guided by a board appointed by the Council of State.

## See also

Ministry of the Environment (Finland) Homelessness in Finland

## External links

ARA Official Website Housing. Ministry of the Environment. Law on the Housing Finance and Development Centre 2.2.2007/71. Finlex. Vuokrataso Helsingin ARA-asuntokannassa. VATT Studies (PDF). Affordable rental housing - who is entitled to it?. Journal of the Finnish Economic Association (PDF).

## Sources

- Housing Finance and Development Centre of Finland · Wikipedia: https://en.wikipedia.org/?curid=76204247

Source: Wikipedia contributors — https://en.wikipedia.org/?curid=76204247&oldid=1368838213

Licence: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/

Adaptation notice: Reformatted for XPay; the source may be abridged, restructured or translated. Consult the cited revision for the original.