Question to the Ministry of Housing, Communities and Local Government:

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.

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 as debt on housing association balance sheets.