Rental housing policy in England

Post crisis adjustment or long term trend?

Mark Stephens, Christine Whitehead

Research output: Contribution to journalArticle

Abstract

The UK Coalition government, formed in 2010, has set in place major housing policy reforms. Its objective is in part to address the country’s structural deficit, but also to rationalise the housing finance and welfare systems to ensure that assistance is more directly targeted and better value for money for government. Many commentators see these reforms as new and draconian while others regard them as just one more set of incremental changes in line with trends over the last four decades. This paper addresses this question by examining both long term trends in housing finance and policy and structural changes as they have affected the rental sector, particularly those shifting the balance between supply and demand side subsidies. The evidence suggests that the majority of changes over the longer term have been bi-partisan and have reflected economic tensions as much as political ideology. The biggest difference in current policy is not in the continuing shift towards demand side subsidies but more in the extent that lower income households will be expected to make larger contributions to their own housing costs. Whether policies on either the supply or the demand side will be fully implemented remains to be seen.
Original languageEnglish
Pages (from-to)201-220
Number of pages20
JournalJournal of Housing and the Built Environment
Volume29
Issue number2
Early online date30 Nov 2013
DOIs
Publication statusPublished - Jun 2014

Fingerprint

housing finance
housing policy
rental sector
housing
political ideology
subsidy
policy reform
demand
finance
household income
trend
structural change
supply
reform
coalition
deficit
low income
assistance
welfare
economics

Keywords

  • Affordable rents
  • Housing allowances
  • Housing benefit
  • Housing finance
  • Housing policy
  • Supply side subsidies

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Urban Studies

Cite this

@article{8de0f444eb78477b8eb4795c6bfb776f,
title = "Rental housing policy in England: Post crisis adjustment or long term trend?",
abstract = "The UK Coalition government, formed in 2010, has set in place major housing policy reforms. Its objective is in part to address the country’s structural deficit, but also to rationalise the housing finance and welfare systems to ensure that assistance is more directly targeted and better value for money for government. Many commentators see these reforms as new and draconian while others regard them as just one more set of incremental changes in line with trends over the last four decades. This paper addresses this question by examining both long term trends in housing finance and policy and structural changes as they have affected the rental sector, particularly those shifting the balance between supply and demand side subsidies. The evidence suggests that the majority of changes over the longer term have been bi-partisan and have reflected economic tensions as much as political ideology. The biggest difference in current policy is not in the continuing shift towards demand side subsidies but more in the extent that lower income households will be expected to make larger contributions to their own housing costs. Whether policies on either the supply or the demand side will be fully implemented remains to be seen.",
keywords = "Affordable rents, Housing allowances, Housing benefit, Housing finance, Housing policy, Supply side subsidies",
author = "Mark Stephens and Christine Whitehead",
note = "advanced article / online first 16/01/14",
year = "2014",
month = "6",
doi = "10.1007/s10901-013-9386-x",
language = "English",
volume = "29",
pages = "201--220",
journal = "Journal of Housing and the Built Environment",
issn = "1566-4910",
publisher = "Springer",
number = "2",

}

Rental housing policy in England : Post crisis adjustment or long term trend? / Stephens, Mark; Whitehead, Christine.

In: Journal of Housing and the Built Environment, Vol. 29, No. 2, 06.2014, p. 201-220.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Rental housing policy in England

T2 - Post crisis adjustment or long term trend?

AU - Stephens, Mark

AU - Whitehead, Christine

N1 - advanced article / online first 16/01/14

PY - 2014/6

Y1 - 2014/6

N2 - The UK Coalition government, formed in 2010, has set in place major housing policy reforms. Its objective is in part to address the country’s structural deficit, but also to rationalise the housing finance and welfare systems to ensure that assistance is more directly targeted and better value for money for government. Many commentators see these reforms as new and draconian while others regard them as just one more set of incremental changes in line with trends over the last four decades. This paper addresses this question by examining both long term trends in housing finance and policy and structural changes as they have affected the rental sector, particularly those shifting the balance between supply and demand side subsidies. The evidence suggests that the majority of changes over the longer term have been bi-partisan and have reflected economic tensions as much as political ideology. The biggest difference in current policy is not in the continuing shift towards demand side subsidies but more in the extent that lower income households will be expected to make larger contributions to their own housing costs. Whether policies on either the supply or the demand side will be fully implemented remains to be seen.

AB - The UK Coalition government, formed in 2010, has set in place major housing policy reforms. Its objective is in part to address the country’s structural deficit, but also to rationalise the housing finance and welfare systems to ensure that assistance is more directly targeted and better value for money for government. Many commentators see these reforms as new and draconian while others regard them as just one more set of incremental changes in line with trends over the last four decades. This paper addresses this question by examining both long term trends in housing finance and policy and structural changes as they have affected the rental sector, particularly those shifting the balance between supply and demand side subsidies. The evidence suggests that the majority of changes over the longer term have been bi-partisan and have reflected economic tensions as much as political ideology. The biggest difference in current policy is not in the continuing shift towards demand side subsidies but more in the extent that lower income households will be expected to make larger contributions to their own housing costs. Whether policies on either the supply or the demand side will be fully implemented remains to be seen.

KW - Affordable rents

KW - Housing allowances

KW - Housing benefit

KW - Housing finance

KW - Housing policy

KW - Supply side subsidies

UR - http://www.scopus.com/inward/record.url?scp=84900392529&partnerID=8YFLogxK

U2 - 10.1007/s10901-013-9386-x

DO - 10.1007/s10901-013-9386-x

M3 - Article

VL - 29

SP - 201

EP - 220

JO - Journal of Housing and the Built Environment

JF - Journal of Housing and the Built Environment

SN - 1566-4910

IS - 2

ER -