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What is NRAS

What is the National Rental Affordability Scheme?


The National Rental Affordability Scheme (NRAS) is a Federal Government initiative that aims to:


 Increase the supply of new and affordable housing

 Reduce the rental costs for low and moderate income households

 Encourage large-scale investment and innovative delivery of affordable housing

The Scheme has sought to address the shortage of affordable rental housing by offering financial incentives to persons or entities such as the business sector and community organisations to build and rent dwellings to low and moderate income households at a rate that is at least 20 per cent below the market value rent.

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