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Local affordable housing dynamics in two global cities: patterns and possible lessons?

Author

Listed:
  • Whitehead, Christine M.E.
  • Goering, John

Abstract

This paper compares how New York and London, two major global cities, have developed policies and programmes to help ensure affordable housing for their citizens. It clarifies how, starting from relatively limited local regulatory powers in the nineteenth century, each city has used local resources as well as centrally authorized programmes, to create unique mixes of rental housing support, mostly based on instruments that enable sub-market rents. It goes on to discuss how the legacies arising from these interventions, both positive and negative, have influenced affordability in these cities’ current, more internationally open and generally more privatized, housing systems. The relative success of both cities has depended on the management of this pastiche of programmes and financing. Even so, while large proportions of lower income households in both cities (although larger in London) are assisted, there remains significant, and, in current economic circumstances, potentially growing numbers of households, facing unaffordable market rents. In the foreseeable future it can only be an amalgam of these local and nationally supported policies together with local initiatives that can help limit, although not resolve, the continuing problems of ensuring adequate affordable homes for lower income households in both New York and London.

Suggested Citation

  • Whitehead, Christine M.E. & Goering, John, 2021. "Local affordable housing dynamics in two global cities: patterns and possible lessons?," LSE Research Online Documents on Economics 107051, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:107051
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    File URL: http://eprints.lse.ac.uk/107051/
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    References listed on IDEAS

    as
    1. John Hills, 2007. "Ends and Means: The future roles of social housing in England," CASE Reports casereport34, Centre for Analysis of Social Exclusion, LSE.
    2. Edward Glaeser & Joseph Gyourko, 2018. "The Economic Implications of Housing Supply," Journal of Economic Perspectives, American Economic Association, vol. 32(1), pages 3-30, Winter.
    3. Julia Griggs & Peter Kemp, 2012. "Housing Allowances as Income Support: Comparing European Welfare Regimes," International Journal of Housing Policy, Taylor & Francis Journals, vol. 12(4), pages 391-412.
    4. Scanlon, Kath & Whitehead, Christine M E & Holman, Nancy, 2016. "Accelerating housing production in London: main findings," LSE Research Online Documents on Economics 87150, London School of Economics and Political Science, LSE Library.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    affordable housing; comparative analysis of housing policies; national and local housing policies; rental housing markets historically;
    All these keywords.

    JEL classification:

    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

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