post 2010, i.e. after the Decent Homes target date. Criticisms Since ALMOs are non-profit organisations which can receive extra funding from the government, dependent on performance, it can be argued that cost cuts are inevitable. Some say that as a result, the conditions and pay for their staff (except the management) is much lower than in the private sector, leading to a high level of staff turnover. However, the only inevitable additional cost of an ALMO is for its governance arrangements, which are typically less than 1% of management costs. Critics of the ALMO system, such as Defend Council Housing (DCH), have characterised ALMOs as a stepping stone to stock transfer, in areas where this would have previously been politically unacceptable. Level of success The National Federation of ALMOs stated that as at March 2008, 77% of tenants reported satisfaction with ALMO housing management. They also stated that 90% of ALMOs which have been inspected achieved a 2 or 3 star rating, therefore being eligible for extra funding. They also report significant efficiency savings and an enhanced timetable for reaching the Decent Homes Standard for much of the country's housing stock. In 2009 the government diverted money from ALMOs to building new homes. Councils that had promoted ALMOs in order to access the extra funding, and the tenants who had got involved, felt betrayed at the decision. Tax status An ALMO cannot benefit from the same tax exemptions as a local authority. As a result, after discussions with KPMG, HM Revenue & Customs have published guidance which states that provided certain conditions are met they will view activities between the ALMO and the local authority as a non-trading activity and so any profit arising will not be taxable. List of ALMOs A list of ALMOs can be found on the website for the National Federation of ALMOs, together with copies of inspection reports and the number of stars achieved upon inspection. References External links National Federation of ALMOs Social Housing Law Association BBC Politics of Housing BBC Decent Homes Defend Council Housing Companies owned by municipalities of the United Kingdom Public housing in the United Kingdom