NDLI: Strategic intervention for the economically active? Exploring the role of selected English local authorities in the development of new market rental housing with pension fund investment

Content Provider	Springer Nature Link
Author	Stevens, Bryony
Copyright Year	2015
Abstract	Drawing on qualitative data the paper explores a shift in the focus of the English local authority enabling/strategic function towards innovative models to stimulate new supply of market rented homes, with local authority pension funds as institutional investors. It is argued that these initiatives are significant in illustrating the role of local, rather than national authorities, as initiators and trailblazers of policy towards the private rented sector. The importance of policy discourses that prioritise the needs of economically active households in justifying the use of publicly owned land for the development of privately-owned rented housing is explored in the context of debates around modes of local economic development in the global context. It is suggested that although the identification of local government pension funds as institutional investors may create an impression of social accountability and an ethical dimension to these innovations, they nevertheless represent a form of marketization of socially-held assets. This raises questions about the changing nature of the enabling/strategic function within English local authorities and the extent to which the previous focus on affordable housing delivery is being diminished in the dedication of local authority resources such as land to a profit-driven form of housing supply.
Starting Page	107
Ending Page	122
Page Count	16
File Format	PDF
ISSN	15664910
Journal	Journal of Housing and the Built Environment
Volume Number	31
Issue Number	1
e-ISSN	15737772
Language	English
Publisher	Springer Netherlands
Publisher Date	2015-04-11
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Housing policy Local authority housing strategies Private rented sector Local economic development Institutional investment in market rented housing Human Geography Geography Landscape/Regional and Urban Planning
Content Type	Text
Resource Type	Article
Subject	Geography, Planning and Development Urban Studies

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