Board of Félagsbústaðir Social Housing
In December 1996, the City Council of Reykjavík approved the creation of a corporation for the ownership and operation of social rental housing on behalf of Reykjavík City.
The decision followed a report by engineer Þórarinn Magnússon, commissioned by the Mayor, on the operation model for social rental housing in the city, and a working group that had previously worked on the sale of City properties was tasked with preparing the company's establishment.
Félagsbústaðir hf. was established on April 8, 1997, based on Nordic experience with similar operations. The company is almost entirely owned by the Reykjavík Municipal Treasury, while the Department of Welfare of Reykjavík holds a negligible share.
The Board of Reykjavík Social Housing consists of Róbert Ragnarsson, chair, Stein Olav Romslo, Albert Guðmundsson, Tinna Laufey Ásgeirsdóttir, and Björt Ólafsdóttir.
