Economic geography and the regulatory state: Asymmetric marketization of social housing in England

Liam Simon Clegg

Economic geography and the regulatory state: Asymmetric marketization of social housing in England

Politics

Research output: Contribution to journal › Article › peer-review

Abstract

The 2011 Affordable Homes Programme (AHP) introduced dramatic reductions in the level of government grant for new-build construction by Housing Associations, with an expectation that Associations’ rents would rise towards market rates to compensate. Through this paper, I explore London-based Associations’ use of cross-subsidy from commercial sale and rental operations to ameliorate the push towards higher rents for social housing. I characterise the spatially-variegated response to the as AHP ‘asymmetric marketisation’. The case illustrates the value of bridging between Economic Geography literatures that acknowledge spatial variation in state-market constellations but offers less developed insights on modes of marketisation, and Political Science literature on the regulatory state that offers a useful framework for disaggregating between modes of marketization but which has overlooked the issue of spatial variation. The significance of this asymmetric marketization is heightened by ongoing concerns over the sustainability of London-based Housing Associations’ commercial activities, and by the possible extension of commercial-to-social cross-subsidisation across other national housing systems.

Original language	English
Pages (from-to)	1479-98
Number of pages	19
Journal	Environment and Planning A
Volume	51
Issue number	7
Publication status	Accepted/In press - 28 May 2019

Bibliographical note

This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. Further copying may not be permitted; contact the publisher for details.

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Econ geography and the reg state
This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. Further copying may not be permitted; contact the publisher for details.
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Cite this

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title = "Economic geography and the regulatory state: Asymmetric marketization of social housing in England",

abstract = "The 2011 Affordable Homes Programme (AHP) introduced dramatic reductions in the level of government grant for new-build construction by Housing Associations, with an expectation that Associations{\textquoteright} rents would rise towards market rates to compensate. Through this paper, I explore London-based Associations{\textquoteright} use of cross-subsidy from commercial sale and rental operations to ameliorate the push towards higher rents for social housing. I characterise the spatially-variegated response to the as AHP {\textquoteleft}asymmetric marketisation{\textquoteright}. The case illustrates the value of bridging between Economic Geography literatures that acknowledge spatial variation in state-market constellations but offers less developed insights on modes of marketisation, and Political Science literature on the regulatory state that offers a useful framework for disaggregating between modes of marketization but which has overlooked the issue of spatial variation. The significance of this asymmetric marketization is heightened by ongoing concerns over the sustainability of London-based Housing Associations{\textquoteright} commercial activities, and by the possible extension of commercial-to-social cross-subsidisation across other national housing systems.",

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