Cost Control and Revenue Generation: The Case of Public Housing Companies Experiences in Sweden
2004 (English)In: Regional studies, ISSN 0034-3404, Vol. 38, no 7, 803-815 p.Article in journal (Refereed) Published
Increased competition for funds associated with the provision of public-sector housing, stock privatization, and attempts to introduce more tenant-centred and effective housing management services are trends seen in social housing throughout the European Union. Consequently, studies have been done that compare programmes worldwide and in Europe, or analyse changes in single countries. The Swedish system has received attention because of its long-term viability. An ordinary least-squares analysis of financial information from providers in this system has been made with special regard to revenue generation capabilities, the ability to remain profitable, and the retention of asset values for both level and first difference approaches. If one general lesson can be drawn from the empirical results, it would be that expenditures on consolidated maintenance are associated not only with short- term rental revenues, but also undoubtedly with long-term viability. Further, first difference results suggested that negotiated rents produced operating profits that kept pace with revenues over that period of the study. The results should be especially relevant to the interests of a wide range of local governments where public housing is of concern. In particular, those individuals bearing greater responsibility for running self-sufficient systems and also policy-makers interested in running efficient, effective systems should be interested in these observations.
Place, publisher, year, edition, pages
2004. Vol. 38, no 7, 803-815 p.
IdentifiersURN: urn:nbn:se:umu:diva-3796DOI: 10.1080/0034340042000265278OAI: oai:DiVA.org:umu-3796DiVA: diva2:142670