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FINANCIAL FREEDOM KEY TO ALMO FUTURE

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Wider financial freedoms are needed to secure the long-term future of councils' arm's-length management organisatio...
Wider financial freedoms are needed to secure the long-term future of councils' arm's-length management organisations for housing.

The Chartered Institute of Housing and the National Federation of ALMOs have called for the organisations to be self-sufficient, with predictable incomes drawn from rents.

Joanne Roney, Sheffield City Council's executive director of neighbourhoods, said: 'It is vital for local authorities to know what the future potential for ALMOs is beyond the investment they are making in decent homes.'

ALMOs have been set up by 49 councils to deliver the decent homes standard by the 2010 target.

They have borrowing powers not enjoyed by in-house housing operations and manage homes on temporary contracts. But their future after the standard is met has never been made clear.
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