The National Rental Affordability Scheme (NRAS or the Scheme) is an Australian Government initiative that aims to increase the supply of affordable rental dwellings.
NRAS, which commenced in 2008, provides an annual financial incentive for up to 10 years to approved participants who rent dwellings to eligible people on low to moderate incomes at a rate at least 20 per cent below market rent. NRAS dwellings are not social housing–they are affordable private rental homes.
The Department of Social Services (the Department) manages and administers NRAS in partnership with state and territory governments.
The department’s responsibilities include:
Ready for assessment
Number of approved participants