IDEAS home Printed from https://ideas.repec.org/a/taf/chosxx/v32y2017i4p411-427.html
   My bibliography  Save this article

Meeting commercial and social goals: institutional investment in the housing association sector

Author

Listed:
  • Connie P. Y. Tang
  • Michael Oxley
  • Daniel Mekic

Abstract

Analyses of the impacts of the use of private finance by housing associations (HAs) across Europe regularly align with the hybridity in the social housing sector, linking private finance to a range of negative consequences related to the loss of social purposes by HAs. This article examines some of the implications of institutional investment for HAs in Britain to meet their economic and social goals. Using a combination of interviews with HAs and institutional investors and a round table discussion, the study shows how such investment has facilitated HAs as hybrid organisations which adopt a pragmatically ‘fit-for-purpose’ approach that combines social benefit with profitability. For institutional investors, investing in social housing is a profit-oriented business as well as a corporate social activity that creates public relations benefits. Importantly, the study shows how government regulations can affect the form of institutional investment (bond finance rather than equity investment) in social housing and help HAs balance the opportunities and risks in combining business and social orientations.

Suggested Citation

  • Connie P. Y. Tang & Michael Oxley & Daniel Mekic, 2017. "Meeting commercial and social goals: institutional investment in the housing association sector," Housing Studies, Taylor & Francis Journals, vol. 32(4), pages 411-427, May.
    • Handle: RePEc:taf:chosxx:v:32:y:2017:i:4:p:411-427
    DOI: 10.1080/02673037.2016.1210098
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/02673037.2016.1210098
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/02673037.2016.1210098?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Scanlon, Kathleen & Whitehead, Christine M E & Williams, Peter & Gibb, Kenneth, 2013. "Building the rented sector in Scotland: attracting new sources of funding to expand a growing market," LSE Research Online Documents on Economics 56077, London School of Economics and Political Science, LSE Library.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Canelas, Patricia & Alves, Sonia, 2024. "The governance of affordable housing through public-private partnerships: Critical entanglements," Land Use Policy, Elsevier, vol. 143(C).
    2. Liam Clegg, 2019. "Economic geography and the regulatory state: Asymmetric marketization of social housing in England," Environment and Planning A, , vol. 51(7), pages 1479-1498, October.
    3. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:chosxx:v:32:y:2017:i:4:p:411-427. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/chos20 .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.