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Ulises Moreno-Tabarez

Christine Whitehead

November 7th, 2015

‘Housing Associations, capital markets and housing supply’, a presentation by Christine Whitehead

0 comments

Estimated reading time: 10 minutes

Ulises Moreno-Tabarez

Christine Whitehead

November 7th, 2015

‘Housing Associations, capital markets and housing supply’, a presentation by Christine Whitehead

0 comments

Estimated reading time: 10 minutes

On October 6th, 2015, Christine Whitehead gave a talk at the National Institute of Economic and Social Research (NIESR) titled, ‘Housing Associations, capital markets and housing supply’. She discussed housing associations and how they can play a key role in increasing housing supply, the barriers they face and recommendations on how to move forward.

These are some of the conclusions Christine drew from her analysis:

  • The HA sector has been a massive success – not perfect and not productively as efficient as it should be BUT better than the alternatives – and in place;
  • The sector not only provides the main resource for continuing the expansion of social and affordable rental housing but also is increasingly capable of playing a major role in market development;
  • It is also contributing effectively to improving management in the private rented sector and of neighbourhoods and is core to supporting government home-ownership initiatives;
  • HAs the experience and capacity to play a much larger role – although current government initiatives are making that less obviously desirable to HA management – and potentially to capital markets;
  • A step change in housing output must be achieved – not only to satisfy identified needs but to meet political commitments. If anything we are seeing a reduction in the willingness to continue expand among large developers as they reach 2006/7 levels of output;
  • Need greater development capacity, new players, product innovation and given the limited potential for additional subsidy, a better use of past government support into the future ;
  • On these criteria HAs are the best resource immediately available.

The presentation slides can be found here on our archives page.

 

About the author

Ulises Moreno-Tabarez

Ulises is a Postdoctoral Associate in the Department of Geography and Environment. He works as a Research Associate and Web Editor for LSE London. As an interdisciplinary geographer, his work focuses on migration, performance, development, and politics of race and ethnicity.

Christine Whitehead

Professor Christine Whitehead is the Deputy Director of LSE London. Christine is an applied economist whose research is well-known in both academic and policy circles and is Emeritus Professor of Housing Economics at the London School of Economics and Political Science.

Posted In: Housing Crisis

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