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Arm’s Length Management Organisations: Finance

Volume 462: debated on Thursday 28 June 2007

To ask the Secretary of State for Communities and Local Government what the funding arrangements will be for arm's length management organisations after the Decent Homes Standard period has passed in 2010; and if she will make a statement. (145537)

Arm’s length management organisations (ALMOs) secure their funding through a management fee from the local authority. The resources available to the local authority flow from the HRA subsidy system, its capital receipts and any prudential borrowing it takes on. This funding arrangement will remain after the Decent Homes programme is complete.