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Arms-length management organisation
In the United Kingdom, an arm's length management organisation (ALMO) is a not-for-profit company that provides housing services on behalf of a local authority. Usually an ALMO is set up by the authority to manage and improve all or part of its housing stock. Ownership of the housing stock itself normally stays with the local authority. , 70 ALMOs were managing over half of all UK council housing, consisting of more than a million properties.〔(National Federation of ALMOs: ALMO Factsheet )〕 This number has since reduced as local authorities have taken services back in-house or stock has been transferred, so that as of 2014 there are 47 ALMOs.〔http://www.almos.org.uk/almos〕
==Ownership==
ALMOs are owned by local authorities and operate under the terms of a management agreement between the authority and the organisation. An ALMO is managed by an (often unpaid) board of directors which includes tenants, local authority nominees, and independent members. At least a third of an ALMO board is normally made up of tenants.
The work of an ALMO may touch and overlap with that of a tenant management organisation (TMO).
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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