Quote:
Originally Posted by Taf
ALMO? The new name for QANGO?
|
ALMO - Arms Length Management Organisation
They have their own management structure and staff, and are limited companies in their own right, with the Local Authority as the sole shareholder.
I forget the precise date, but sometime in the early 2000's I think, LA's were offered large financial incentives to create ALMO's to manage their housing stock. I suppose a QUANGO may have similarities, as I suppose an ALMO is (Q)ausi (A)utonomous. However as much as the ALMO's may not like to admit it, they are still very much a (local)government body.
In the context of the housing side of things, read her:
http://www.homesandcommunities.co.uk..._organisations