Visual performance management in housing associations: a crisis of legitimation or the shape of things to come?

Manville, Graham; Greatbanks, Richard; Wainwright, Thomas; Broad, Martin

doi:10.1080/09540962.2016.1118933

Cited by 10 publications

(20 citation statements)

References 18 publications

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“…This has also been met by additional policy changes that have reduced HA funding, particularly for rental income. For example, the Welfare Reform Act (2012) stimulated the introduction of what became popularly known as 'Bedroom Tax' and Universal Credit (Manville et al, 2016). The Bedroom Tax reduced housing benefits if tenants had unoccupied rooms, reducing benefits and increasing the chance of arrears.…”

Section: Has and Financializationmentioning

confidence: 99%

“…This is particularly problematic for tenants in areas where there is an abundance of larger properties, with fewer smaller properties to move to, but also for HAs as some tenants may leave, reducing their rental income. The Universal Credit plan, seeks to cap benefits at »25,000 per household, reducing available benefits to tenants, but also transferring the payment to them directly (Manville et al, 2016). Tenants with low financial literacy and a reduced income may be more likely to struggle to manage their payments, increasing the risk of arrears, and reducing income certainty for HAs.…”

Section: Has and Financializationmentioning

confidence: 99%

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Financialization and the third sector: Innovation in social housing bond markets

Wainwright

Manville

2016

Environ Plan A

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The recent global financial crisis has seen investors turn away from real-estate bonds, given their role in distributing risk during the crisis. However, since 2009, a new type of real-estate bond market has grown in London, enabling social housing groups to issue bonds. This could be viewed as further evidence of the extension of financialization practices into new spaces, beyond those of traditional capital markets and associated intermediaries. In this paper, we examine how financialization has begun to permeate the third sector, reordering the priority of housing associations' values, displacing social value creation with the economic. We highlight how reduced state funding has led social housing providers to become more reliant on capital market intermediaries, and explore how locally orientated social housing associations have become embedded within wider financial networks. While policy makers have viewed financial markets as a panacea to fund social housing developments in an age of austerity, tensions have emerged, requiring localized social housing organizations to become more commercial in their activities, jeopardizing their ability to protect vulnerable communities through social value creation.

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Section: Has and Financializationmentioning

confidence: 99%

Section: Has and Financializationmentioning

confidence: 99%

Financialization and the third sector: Innovation in social housing bond markets

Wainwright

Manville

2016

Environ Plan A

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“…Arguably the protocol-based, somewhat impersonal services experienced by a minority of tenants are evidence of emerging New Public Management principles (Sprigings, 2002;Walker, 1998). However, whether such principles are driven primarily by coercive isomorphism, with state regulation through Scottish Housing Regulator oversight pushing organisations towards similarity, or by a more generalised mimetic or normative isomorphic shift towards private sector styles of management, where Housing Associations are copying best practice or converging as a result of shared managerial culture (Manville et al, 2016) cannot be determined from this study.…”

Section: Discussionmentioning

confidence: 99%

Hybridity in the housing sector: examining impacts on social and private rented sector tenants in Scotland

et al. 2019

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Housing Associations in many countries exhibit increasing levels of 'hybridity', as reductions in state financing for social housing, exacerbated by austerity policies since the 2008 crash, have instigated 'enterprising' approaches to maintaining income. Alongside this, hybrid organisations have emerged in the Private Rented Sector (PRS), responding to sectoral growth and consequent increases in vulnerable households entering private renting. These developing hybridities have been considered at a strategic level, but there has been little exploration of the impacts on tenants. This article examines two organisations, operating across the social and private rented sectors, to elucidate potential implications for tenants. The research suggests that different forms of hybridity can affect tenant outcomes and, moreover, that examining such impacts is important in understanding hybridity itself. Furthermore, the study suggests that emerging forms of hybridity, particularly in the PRS, may be blurring the boundaries between housing sectors, with implications for policy and research.

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“…revenue expenditure). he diiculties with a ballooning housing beneit bill were recognized and addressed by the new Conservative government in June 2015, when they changed social rent policy to a one per cent reduction each year for the course of the parliament (Manville et al, 2016). However, this reduction also has the impact of reducing income streams for the housing associations, which impairs their ability to maintain interest payments and raise future capital funding.…”

Section: Discussionmentioning

confidence: 99%

Embedding financialization: a policy review of the EnglishAffordable Homes Programme

Smyth

2018

Housing Studies

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Visual performance management in housing associations: a crisis of legitimation or the shape of things to come?

Cited by 10 publications

References 18 publications

Financialization and the third sector: Innovation in social housing bond markets

Financialization and the third sector: Innovation in social housing bond markets

Hybridity in the housing sector: examining impacts on social and private rented sector tenants in Scotland

Embedding financialization: a policy review of the EnglishAffordable Homes Programme

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