Derby Homes is an Arm’s Length Management Organisation (ALMO) and is a 100% owned subsidiary of Derby City Council. It was created in 2002 to manage and maintain the Council’s housing stock. The function of management and maintenance is delegated to Derby Homes, but the Council retains ownership of the housing stock and all tenants are Council tenants. Their turnover is around £42M a year and they have over 500 staff. Their core business is the management of and investment in, Derby City Council’s social housing stock, comprising of 12,874 properties of which 66 are shared ownership and 12,808 are for rent. They directly provide services to 622 leaseholders of the Council and have agreements with external landlords to manage and maintain properties, including Guinness-Northern Counties Housing Association and War Memorial Village Derby. They also manage the Council’s Housing Options, Homelessness and Derby Advice services.