The National Rental Affordability Scheme (NRAS) is a partnership between the Australian Government and the State and Territories to invest in affordable rental housing. Successful NRAS applicants are eligible to receive a National Rental Incentive for each approved dwelling where they are rented to eligible low and moderate income households at 20 per cent below market rates.
Governments, the business sector and community organisations recognise that housing affordability is an issue of significant community concern. The growing cost of housing is having a serious impact on the ability of many Australians to meet their financial commitments.
Under NRAS, the Australian Government is providing Incentives to:
The Incentive is provided annually on the condition that throughout the ten year period the dwelling is rented at 20 per cent below the market rent to eligible low and moderate income households.
Under NRAS, the requirements that need to be met to maintain eligibility include, but are not limited to:
For comprehensive NRAS information, please visit the Department of Social Services (DSS) at: https://www.dss.gov.au/our-responsibilities/housing-support/programmes-services/national-rental-affordability-scheme