Affordable Housing: Construction
Commons · Question 28596 · Tabled 4 Feb 2025 · Ministry of Housing, Communities and Local Government · Official record
Answered 18 Feb 2025
Question
Asked by Steve Darling
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
Answered by Matthew Pennycook, 18 Feb 2025
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 ...