Embedding financialization: a policy review of the English Affordable Homes Programme

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Embedding financialization : a policy review of the English Affordable Homes Programme. / Smyth, Stewart.

In: Housing Studies, Vol. 34, No. 1, 26.04.2018, p. 142-161.

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@article{b77a2103881941d0bd597521bca17e87,
title = "Embedding financialization: a policy review of the English Affordable Homes Programme",
abstract = "Decent, affordable housing continues to be a major concern for policy-makers, providers and society at large. This paper contributes to the debate over the future of social housing in England by reviewing the Affordable Homes Programme (AHP). The AHP (2011–2015) saw the level of grant funding reduced dramatically; with the shortfall to be filled from housing associations own resources, increased rents and borrowing. To understand the implications of the AHP, this paper utilizes the concept of financialization. Financialization is a multifaceted process that seeks to explain the increased role and power of the financial markets in society. Specifically, the paper shows that the AHP leads to increased debt levels in the social housing sector, is predicated on short-termism and accumulation by dispossession. Finally, by employing financialization the paper also addresses debates about the nature of housing policy and how it can best be conceptualized.",
keywords = "Affordable Homes Programme, housing policy, finacialization, England, social housing",
author = "Stewart Smyth",
year = "2018",
month = apr,
day = "26",
doi = "10.1080/02673037.2018.1442561",
language = "English",
volume = "34",
pages = "142--161",
journal = "Housing Studies",
issn = "0267-3037",
publisher = "Taylor & Francis",
number = "1",

}

RIS

TY - JOUR

T1 - Embedding financialization

T2 - a policy review of the English Affordable Homes Programme

AU - Smyth, Stewart

PY - 2018/4/26

Y1 - 2018/4/26

N2 - Decent, affordable housing continues to be a major concern for policy-makers, providers and society at large. This paper contributes to the debate over the future of social housing in England by reviewing the Affordable Homes Programme (AHP). The AHP (2011–2015) saw the level of grant funding reduced dramatically; with the shortfall to be filled from housing associations own resources, increased rents and borrowing. To understand the implications of the AHP, this paper utilizes the concept of financialization. Financialization is a multifaceted process that seeks to explain the increased role and power of the financial markets in society. Specifically, the paper shows that the AHP leads to increased debt levels in the social housing sector, is predicated on short-termism and accumulation by dispossession. Finally, by employing financialization the paper also addresses debates about the nature of housing policy and how it can best be conceptualized.

AB - Decent, affordable housing continues to be a major concern for policy-makers, providers and society at large. This paper contributes to the debate over the future of social housing in England by reviewing the Affordable Homes Programme (AHP). The AHP (2011–2015) saw the level of grant funding reduced dramatically; with the shortfall to be filled from housing associations own resources, increased rents and borrowing. To understand the implications of the AHP, this paper utilizes the concept of financialization. Financialization is a multifaceted process that seeks to explain the increased role and power of the financial markets in society. Specifically, the paper shows that the AHP leads to increased debt levels in the social housing sector, is predicated on short-termism and accumulation by dispossession. Finally, by employing financialization the paper also addresses debates about the nature of housing policy and how it can best be conceptualized.

KW - Affordable Homes Programme

KW - housing policy

KW - finacialization

KW - England

KW - social housing

U2 - 10.1080/02673037.2018.1442561

DO - 10.1080/02673037.2018.1442561

M3 - Article

VL - 34

SP - 142

EP - 161

JO - Housing Studies

JF - Housing Studies

SN - 0267-3037

IS - 1

ER -