"Annually each District Management Committee (DMC) is given a budget to spend in their area" I think this is linked to the Participatory Budgeting HERE. Draft Strategy 2008 HERE ,
Possibly even State Aid
The DMC's (there are 5 of them) used to be sub-committees of the councils then Housing Committee who had council tenant reps on as non voting members, but who used to vote. When the council changed its governance structure back in 2001/2 to the executive (now called cabinet) model the dmc's should have been abolished but cllrs allowed them to continue as tenant groups, still funded and administrated by the council.
Dmc's are business ventures whose members carry out works/goods/services on behalf of Camden council. In effect dmc's have taken on Housing Management roles but without having to apply the Housing [Right to Manage] rules HERE.