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What is the National Rental Affordability Scheme (NRAS)

31-Mar-2016

NRAS is a long term commitment by the Australian Government to invest in affordable rental housing. The Scheme seeks to address the shortage of affordable rental housing by offering financial incentives to build and rent dwellings to low and moderate income households at least 20% below market rates for ten years.

The primary focus of NRAS is to:

  • increase the supply of affordable rental dwellings;
  • reduce rental costs for low to moderate income households; and
  • encourage large scale investment and delivery of affordable housing.

The National Rental Affordability Scheme Act 2008 and the National Rental Affordability Scheme Regulations 2008 (the Act) passed the Senate in November 2008.

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What is the National Rental Affordability Scheme (NRAS)
02-Mar-2016

NRAS is a long term commitment by the Australian Government to invest in affordable rental housing. The Scheme seeks to address the shortage of affordable rental housing by offering financial incentives to build and ..