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Operating Under Business-Like Principles in Sweden: An Exploratory Study of Municipal Public Housing Companies’ Practice
Timothy L. Wilson, Lars Lindbergh

Last modified: 2017-03-25

Abstract


Swedish housing policy is at a turning point. The Public Municipal Housing Act of 2011 requires that Municipal Housing Comanies act in a more business-like manner.  This is important because Swedish municipal housing tends to be the international gold standard for operation and policy. An earlier qualitative study suggested comanies indeed were saying the right things in their owner directives.  This exploratory study attempts to ascertain if financial observations paralleled the text in owner directives that suggested that Municipal Housing Companies (MCHs) in Sweden have complied with present law.  Results are reported here for 2 of the original 20 companies used in the qualitative study. Results suggest that the industry as a whole has adjusted over-all to the business-like mandate. One of the two companies followed industry revenue trends and had healthy solvency behavior.  The other company went in the opposite direction.  Ergo, the good get better and the poorer get worse.  The background to Swedish public housing introduces the paper.  Tables and graphs, which are explained in context, complete the manuscript

Keywords


Swedish Housing; Municipal Public Housing; Public Municipal Housing Companies Act; Business-like Principles