Written Question·Ministry of Housing, Communities and Local Government·UIN 28596

Affordable Housing: Construction

Tabled: 4 February 2025
Answered: 18 February 2025

Question

Steve Darling

Liberal DemocratTorbay

To ask the Secretary of State for Housing, Communities and Local Government, if she will take steps to help ensure that grants for affordable housing schemes do not sit as debt on housing association balance sheets.

Answer

Matthew Pennycook
The Financial Reporting Council (FRC) is responsible for setting prescribed accounting standards for the UK and Ireland, including the treatment of government grants. Grants, such as those associated with the Affordable Housing Programme, are not treated ...

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