In April 2002 responsibility for managing council homes in Derby moved from Derby City Council over to Derby Homes, along with over 300 staff from the then Council\'s Housing Services Department.

Derby Homes Limited is an arm\'s length management company – ALMO created by Derby City Council to manage, maintain and improve its council houses and estates. The organisation is non-profit making and it does not pay dividends to any shareholders. It is 100% owned and controlled by Derby City Council.

Only the top performing local authorities had the opportunity to become an ALMO. Organisations like Derby Homes were set up in several areas around the country to bring all council homes up to a \'decent standard.\' Derby has been able to obtain extra government support to clear a backlog of £92million worth of major repairs and improvement work. This money would never have been available if Derby Homes had not been set up.