What is the National Rental Affordability Scheme?

The National Rental Affordability Scheme (NRAS) is a long term commitment by the Australian Government to invest in affordable rental housing.

NRAS seeks to address the shortage of affordable rental housing by offering tax-free financial incentives to the business sector and community organisations to build and rent dwellings to low and moderate income households at below-market rates for 10 years.  It aims to:

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

The Government has committed more than $1 billion to the Scheme over four years to stimulate the supply of up to 50,000 new affordable rental dwellings.