The thesis examines the implications of the use of private finance for housing associations providing new social housing in three countries. The thesis reviewed literature relating to the adoption of private sector principles and financialisation, the use of economic and social regulation, consolidation arising from private finance and ethical issues for housing associations using private finance. From the literature review, four hypotheses were formulated which were used in the subsequent interviews with the chosen stakeholders in the three countries. Semi-structured interviews were used by the author as part of the research with senior people working within housing associations, financial institutions and Government bodies responsible for housing associations in Ireland, Wales and the Netherlands. The findings concluded that the use of private finance led to the adoption of private sector principles by housing associations, economic regulation was dominant over social regulation, consolidation in the housing association sectors did not solely arise from the use of private finance, but that there was not a transformation in the ethos and values of housing associations from the use of private finance. In addition, assessment of risk and the need for a co-ordinated policy framework in the private financing of housing associations were found to be essential for housing associations accessing private finance. The thesis concluded that the adoption of a process of managed financialisation with independent regulation for housing associations accessing private finance will lead to better outcomes.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:675661 |
| Date | January 2014 |
| Creators | McManus, Donal Anthony Daniel |
| Publisher | Queen's University Belfast |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
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