A new property was completed for M2-Kodit, owned by Y-Foundation, in Jätkäsaari, Helsinki in Spring 2017.

The building, named Jallukka, features 49 state-subsidised rental apartments owned by M2-Kodit and 25 apartments owned by ELMU Foundation. ELMU’s apartments are rental apartments for music professionals.

At the end of the year, the Foundation had 372 rental apartments under construction. A new building with 51 apartments was under construction in Nokia and a complementary construction project with 119 rental apartments was launched in Martinlaakso, Vantaa.

In addition, new buildings were under construction in Holmanpuisto, Espoo (45 rental apartments), Härmälänranta, Tampere (63 rental apartments) and Kruunuvuorenranta, Helsinki (94 rental apartments).