Magazine article Public Finance

CSR Funds Put Almos Back on Track for Home Repairs

Magazine article Public Finance

CSR Funds Put Almos Back on Track for Home Repairs

Article excerpt

Most council-owned housing companies are back on course to achieve the decent homes target after receiving £400m more than expected from the 2007 Comprehensive Spending Review.

Before the review, some arm's-length management organisations were in danger of missing the December 2010 deadline for carrying out essential improvements, due to a government spending squeeze.

Last summer, ministers declared that Almos would receive at least £2bn' over the next three years.

Now they have swept away any uncertainty and granted £2.4bn to about 50 companies that are in the throes of completing their decent homes work. They have also named four councils that are the first to have places confirmed on the sixth and final Almo programme.

The extra funds mean that only a minority of existing Almos will need to delay improvements beyond 2010 - and then only to tie in with regeneration or house building schemes.

Gwyneth Taylor, policy officer at the National Federation of Almos, said most would get what they required in time. …

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