Council To Change Housing Company To ALMO

Barking and Dagenham Council is set to transform its wholly owned housing company into an ALMO. The council’s cabinet will decide on Tuesday whether to approve a report recommending the move. The proposals would see Reside, which is a company set up by the council to build and let homes for affordable rent and shared ownership, run by a new board with an independent chair. It would then also offer homes for private sale. The council will retain control through a shareholder agreement and will collaborate with Reside “to realise the investment objectives of the council” Read more on Inside Housing.

https://webcache.googleusercontent.com/search?q=cache:nyHMXBrm4MUJ:https://www.insidehousing.co.uk/news/news/london-council-to-change-housing-company-to-almo-54108+&cd=1&hl=en&ct=clnk&gl=uk&safe=vss