Financialization of public housing and urban governance – a case from Sweden illustrating a changing housing politics due to emerging relations of finance, housing, and the city

Authors: Jennie Gustafsson*, Stockholm University
Topics: Urban Geography, Political Geography, Hazards and Vulnerability
Keywords: public housing, political economy, financialization of housing, urban governance
Session Type: Paper
Day: 4/10/2018
Start / End Time: 4:40 PM / 6:20 PM
Room: St. Charles, Marriott, River Tower Elevators, 41st Floor
Presentation File: No File Uploaded

The tendency where the state’s market regulation is shifted towards various forms of placing capital (Christophers, 2013), is demonstrated through a case study in Sweden. This study reveals how a public housing company together with the local government strive for the enforcement of value enhancement in a specific area, through the formation of a hybrid partnership and an administrative re-organization of real-estate borders, while keeping tenants out of the loop. My paper investigates, through an analysis of documents, interviews and observations, the performance of financial logics as well as how this affects the tenants. Thus, my paper illustrates how financialization of public housing (Fernandez & Aalbers, 2016) interlocks with urban governance and entrepreneurialism, and how this relationship alters the tenant-landlord relation (Fields, 2015) and kicks off processes of displacement and alike disciplinary processes, as well as it discusses how tenants respond to and resist these processes. In conclusion, my paper exemplifies how public and private actors co-produce (Weber, 2015) a future (re)development of housing and the urban through the activation of discourses of stigmatization and obsolescence (Kallin & Slater, 2014; Weber, 2002), in the strive for a brighter future.

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