Pro-cyclical social housing and the crisis of Irish housing policy: marketization, social housing and the property boom and bust

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Title: Pro-cyclical social housing and the crisis of Irish housing policy: marketization, social housing and the property boom and bust
Authors: Byrne, M. (Michael)Norris, Michelle
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Date: 1-Mar-2017
Online since: 2019-03-26T13:25:58Z
Abstract: This article analyzes the role of social housing in Ireland’s property bubble and its experience of the global financial crisis. The article argues that over recent decades social housing has been transformed from a countercyclical measure which counterbalances the market into a procyclical measure which fuelled Ireland’s housing boom. The reform of social housing financing and acquisition mechanisms has embedded social housing in the boom/bust dynamics of the private housing system. Analyzing the shifting relationship between social and private housing is crucial to understanding the role of housing policy in Ireland’s property bubble as well as the current housing crisis. Despite being caused by problems in the private housing and financial systems, the crisis has had very negative consequences for social housing, thus producing a crisis across the housing system as a whole.
Type of material: Journal Article
Publisher: Taylor & Francis
Journal: Housing Policy Debate
Volume: 28
Issue: 1
Start page: 50
End page: 63
Copyright (published version): 2017 Taylor & Francis
Keywords: Social housingIrelandHousingPolicy crisis
DOI: 10.1080/10511482.2016.1257999
Language: en
Status of Item: Peer reviewed
Appears in Collections:Social Policy, Social Work and Social Justice Research Collection

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