Abstract
The global economic crisis impacted significantly on residential development in the UK, stalling some local projects as private companies encountered financial difficulty. In response, government put in place an array of tools for rescuing private schemes, including supplying the Registered Providers (RPs) of social housing with the means to purchase complete or partially complete private homes. What seemed an ideal solution—the private developer avoids bankruptcy and Registered Providers acquire much needed affordable homes—in reality has been complicated by several factors. Drawing on interviews with key actors in England and on examples of successful and unsuccessful transfers of housing stock from the private to the public sector, this review seeks to identify key impediments to this type of transfer, including the inability of RPs to acquire housing stock that does not adhere to particular ‘quality standards’.
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