Council To Change Housing Company To ALMO

Barking and Dagenham Council is set to transform its wholly owned housing company into an ALMO. The council’s cabinet will decide on Tuesday whether to approve a report recommending the move. The proposals would see Reside, which is a company set up by the council to build and let homes for affordable rent and shared ownership, run by a new board with an independent chair. It would then also offer homes for private sale. The council will retain control through a shareholder agreement and will collaborate with Reside “to realise the investment objectives of the council” Read more on Inside Housing.

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Council to Create New 12,000-Home ALMO

Northampton Borough Council has confirmed plans to set up a new ALMO (arm’s length management organisation) to manage 12,100 homes on its behalf.  The decision, which was made at a council meeting last week, has been welcomed by the The National Federation of ALMOs (NFA). The council will now begin the process of setting up the organisation which is expected to go live in January 2015.  Read more on the Northampton BC website.