Definitions for "ALMO"
Arms Length Management Organisation. is a way of placing the management and maintenance of Council homes in a separate operating company, owned by the Council, but run by a Board including tenants. Private money may be raised to repair and improve works to Council housing. Funding available, by competition, from 2002/03 in England only.
ALMO is a acronym for Arms Length Management Organisation. The government is allowing the best council's within the UK to set-up a management company that will manage and deliver excellent housing services on behalf of local government.
Many local authorities across the country have now established Arm's Length Management Organisations (or ALMOs) to manage their housing stock. Your Homes Newcastle was set up to play this role locally by Newcastle City Council in 2004, and now manages over 34,000 homes.