The Espoo man’s housing association is threatened by bankruptcy – some of the residents in « even in panic »

« What! Can I do this? Why is this happening? ”

Such was an Espoo Tuomo Kähkönen A reaction when he heard his housing association about the threatening bankruptcy.

Kähkönen has two apartments with his spouse in Asunto Oy Espoo’s poet in Suurpelto. The poet is one of the housing companies owned by Lakea Oy, which has been filed for bankruptcy.

HS told about the matter last Friday.

Lakea is a housing investment and development company owned by Ostrobothnia, which has been in major financial difficulties for a long time.

Municipal Finance bear a total of EUR 4.4 million from 19 housing companies.

Kähkönen was particularly surprised by the fact that the bankruptcy application was directed at housing companies instead of Lakea.

« It seems unfortunate that a public funding community goes to drive its own claims at the expense of retail investors, » he says.

Municipal Finance is a credit institution owned by municipalities and welfare areas, the state and the pension insurer Keva, which offers funding for, inter alia, state -supported housing production.

Complicated The situation is made by the fact that bankrupt housing associations have a so-called « My » funding model in use. It first paid seven percent of the total cost of the apartment. After that, a monthly rent is paid, some of which accumulates the apartment.

In the end, the apartment can be redeemed after 20 years by paying the final fee.

Kähkönen and his spouse have a total of € 40,000 in their own homes. The amount consists of a start -up fee of EUR 12,000 and prepayment for the redemption of the dwelling.

The situation is special because right now no one knows what is happening to their own homes.

According to Kähkönen, he must pay the rent even if the bankruptcy is completed, otherwise Lake could terminate the lease. In this case, he would lose all his rights to the money in the apartment.

Condominium Bankruptcies are quite rare, so it’s hard to know what tenants are facing.

One possibility is the cancellation of bankruptcy. The parties should therefore find the right solution this week.

If the solution is not found, the bankruptcy estate will take over a housing company, which will also be transferred to the residents’ leases.

According to his lease, Kähkönen would be able to recover the sum of EUR 12,000 he paid at the beginning, if he decided to give up the apartment.

However, the bankruptcy estate of a housing association is unlikely to afford to return money, as municipal finance is its primary debt.

« When a housing company ceases to be bankrupt, then we have nothing to redeem in 17 years. The question is where our advance payment will disappear? » Kähkönen wonders.

The best solution for the residents would be to find a buyer for the bankruptcy estate. Attempts have been made to sell Lakea to the Korpi Capital investment company, so far without success.

Kähkönen has lived in the impression that, according to the budget presented to the tenants, the Espoo poet would be a « basic healthy » housing company at a normal level.

However, the truth is different. According to Kähkönen, the owners of the Omaksi-tenants have not had a view of the actual financial situation of the housing association, as the housing association has a recovery of approximately EUR 230,000 in addition to the municipal funding receivables. The matter is clear from the payment default register.

Kähkönen says that the housing association’s board is made up of employees of Lakea. The house has a resident committee who has no access to the board of the housing association or, for example, to the financial statements.

The housing association and its loan should be financed by the care and financial rent paid by the residents. For Kähkönen, there is a mystery that the rents paid by him and other residents have gone.

According to YLE For an individual housing association, the claims required for municipal financing vary between around EUR 100,000 and EUR 450,000.

Lakea CEO Timo Mantilahave the money of the residents really gone to housing costs?

« Now it is a difficult market situation. Lakea has payment challenges. My own model also includes a return and we have had to refund the My -ksi payments that have previously gone to loan reins and interest, » Mantila says.

According to him, Lake has not been able to handle all returns and have recently made payment plans.

Tuomo Kähkönen According to the housing association, the housing company is now investigating the alternatives they have in the current situation at all. Some of the residents are in panic, he says.

However, in Kähkönen and his spouse, the economy would not fall into a possible housing company bankruptcy, even if the loss of money seems to be unfortunate.

« However, there are also people in a much worse situation in the housing association who have their own personal finances at stake, » Kähkönen regrets.