They could still be covered. New Clause 172A(9) talked about something that is not a public body by whatever definition but nevertheless is,
“funded wholly or partly from public funds”,
and,
“has functions of a public nature”.
If, as an ALMO, the housing association has taken over social housing and receives public funds, the housing association could escape. However, if that happens—of course we still do not know for sure that they will come out from the ONS, but let us assume that they do—it still fulfils the other criterion, so the housing association would still be covered.