National Rental Affordability Scheme (NRAS)

NRAS is a long-term commitment by the Australian Government in partnership with the states and territories, to invest in affordable rental housing.

The scheme, which commenced in 2008, seeks to address the shortage of affordable rental housing by offering financial incentives to people or entities (such as the business sector and community organisations) to build and rent houses to low and moderate income households at a rate that is at least 20 per cent below the market value rent.

HousingFirst was successful in securing 388 NRAS incentives and is experienced in the development, management and ongoing compliance required for these properties