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Institutional logics and organisational hybridity: English housing associations’ diversification into the private rented sector

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  • Nicky Morrison

Abstract

State withdrawal combined with challenges in raising private finance has led not-for-profit housing organisations in a range of countries to diversify into commercial activities as means to generate additional income streams and cross subsidise their core social operations. Within England, an increasing number of housing associations (HAs) has looked for new forms of investment, notably from private rental housing, to generate additional cash flows and fill gaps in the housing market. Drawing on the concepts of institutional logics and organisational hybridity, the paper uses organisational archetypes to examine the different hybrid financing, governance structures and housing products that two pioneering London-based HAs have employed to undertake private rental activities alongside their social businesses. The paper argues that the trends identified are indicative of wider institutional change, with not-for-profit housing organisations facing difficult strategic choices about how to fund their core business in a world of lower public subsidy and uncertainty over future sources of private finance.

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  • Nicky Morrison, 2016. "Institutional logics and organisational hybridity: English housing associations’ diversification into the private rented sector," Housing Studies, Taylor & Francis Journals, vol. 31(8), pages 897-915, November.
    • Handle: RePEc:taf:chosxx:v:31:y:2016:i:8:p:897-915
    DOI: 10.1080/02673037.2016.1150428
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    Cited by:

    1. Bo Kyong Seo & Dayoon Kim, 2024. "THE HOUSING‐WELFARE REGIME AND THIRD‐SECTOR HOUSING IN HONG KONG AND SOUTH KOREA: A Historical Institutionalist Perspective," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 48(3), pages 442-462, May.
    2. Tony Manzi & Nicky Morrison, 2018. "Risk, commercialism and social purpose: Repositioning the English housing association sector," Urban Studies, Urban Studies Journal Limited, vol. 55(9), pages 1924-1942, July.
    3. Smyth, Stewart & Cole, Ian & Fields, Desiree, 2020. "From gatekeepers to gateway constructors: Credit rating agencies and the financialisation of housing associations," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 71(C).
    4. Alex Gillett & Kim Loader & Bob Doherty & Jonathan M. Scott, 2019. "An Examination of Tensions in a Hybrid Collaboration: A Longitudinal Study of an Empty Homes Project," Journal of Business Ethics, Springer, vol. 157(4), pages 949-967, July.
    5. Nicola Morrison, 2017. "Selling the family silver? Institutional entrepreneurship and asset disposal in the English housing association sector," Urban Studies, Urban Studies Journal Limited, vol. 54(12), pages 2856-2873, September.

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