You are here: Home  NRAS  National Rental Affordability Scheme  
CAH Image

National Rental Affordability Scheme

Call Four

 

The fourth call of NRAS closed on 14 December 2010.

 

The State contribution in NSW is being offered in four forms:

  • NSW NRAS A – Available for not-for-profit registered community housing providers, providing the state contribution as an upfront capital contribution to the project. $40 million is available for NRAS A; or
  • NSW NRAS B – Available for all eligible organisations, providing the regular State Government contribution of $2,285 per year, for 10 years. 1250 incentives are available for NRAS B.
  • NSW NRAS Rouse Hill- Available for not-for-profit registered community housing providers, providing the state contribution as an upfront capital contribution and land
  • NSW NRAS Development projects- Available for not-for-profit registered community housing providers, providing the state contribution as an upfront capital contribution and land.

NSW Program Requirements is a guide to assist applicants submitting an NSW NRAS A or NSW NRAS B application in NSW.  In particular the Requirements identify information required from NRAS A applicants and provide information for all applicants on addressing the NSW state priorities outlined on page 14 and 15 of the FaHCSIA Application Guidelines. The NSW Program Requirements includes the Local Government Areas by Housing Need and the NSW Affordable Housing Guidelines. All applicants for dwellings in NSW must use the program requirements in conjunction with the FaHCSIA documents when preparing their application.


 

The NSW Guidelines to NSW NRAS Rouse Hill and NSW NRAS Development projects are now available here:  NSW Guidelines (pdf, 405k)

 

Call Three

 

Call three of NRAS closed on 31 August 2010. Proposals for 1000+ incentives were eligible to apply under call three.

 

Background

 

The Australian Government's National Rental Affordability Scheme (NRAS) will provide incentives to increase the supply of affordable housing for rent to eligible tenants for a period of ten years.  Incentives will be allocated for up to 35,000 new dwellings in the first four years, with 50,000 to be provided if demand remains high.

 

The NRAS was introduced to:

  • increase the supply of affordable rental dwellings
  • reduce rental costs for low to moderate income households
  • encourage large scale investment in innovative delivery of affordable housing.

There are two phases to the NRAS:

  • Establishment Phase (1 July 2008 - 30 June 2010)

Two Calls for Applications were advertised for the Establishment Phase – July 2008 and December 2008.

  • Expansion Phase (1 July 2010 - 30 June 2012)

Two Calls for Applications were advertised for the Expansion Phase - the rounds closed in August and December 2010.

 

Top of page

 

Results NRAS Round Two


The successful National Rental Affordability Scheme Call Two applicants have been announced by the Australian Government. In total 1441 incentives have been allocated to NSW in round two. This takes the total number of incentives allocated to NSW so far in the Establishment Phase of NRAS to 2545. 

 

NRAS Call Two was broken into 2 stages. The early call closed on 1st February 2009. The results of the early call are known in full and are listed in the table below.

 

The results of NRAS round that closed on 27 March are listed on the second table below. Some changes may be made to the second table as more information becomes available.   

 

 

 

NRAS Early Call 2

Organisation

Local Government Area

Number of Incentives

Queensland Affordable Housing Consortium

Armidale

10

Hume Community Housing Association Company Ltd

Parramatta

112

 

 

NRAS Call 2

Organisation

Local Government Area

Number of Incentives

Baptist Community Services

Lismore

Goulburn

59

Affordable Community Housing Limited

Auburn

Parramatta

Holroyd

Penrith

Blacktown

Canterbury

163

Compass Housing Services

Lake Macquarie

Newcastle

Gosford

Maitland

160

Blue CHP

Parramatta

12

Major Investment Group II

Ashfield

20

Mission Australia

Rockdale

126

Payce Consolidated

Auburn

350

Uniting Care

Baulkham Hills

Wyong

Blue Mountains

Tamworth

Hornsby

Clarence Valley

Wollongong

Lismore

155

Churches Community Housing

Fairfield

56

Community Housing Limited

Coffs Harbour

Port Macquarie

Clarence Valley

Parramatta

110

The Illawarra Community Housing Trust Ltd

Wollongong

108

 

 

 

Results NRAS Round One  


All successful National Rental Affordability Scheme Call One applicants have been announced by the Australian Government. In total 1074 incentives were allocated to 15 applicants to NSW in round 1.

 

In NSW NRAS Call One was broken into NRAS A and NRAS B. Five organisations were successful in applying for NRAS A and eleven for NRAS B. The successful organisations are:

 

NSW NRAS A – Call 1

Organisation

Local Government Area

Number of Units

NSW component of incentive

Community Housing Ltd

Randwick

Bega Valley  Port Macquarie

Wyong

40

$3.56m*

Compass Housing Services

Cessnock Newcastle

Wyong

Lake Macquarie

69

$7.4m*

 

Blue CHP Ltd

Bankstown

Campbelltown

Shoalhaven

Parramatta Penrith

Fairfield

52

$0*

St George

Campbelltown

Bankstown

100

$4.25m*

ARCH

Fairfield

26

$2.08m

TOTAL

287

$17.3m new funds

*A total of $15.9 million in AHIF funding had been previously awarded to these projects

 

 

 

 

NSW NRAS B – Call 1

(NSW component $2000 per annum per unit of housing)

Organisation

Local Government Area

Number of Incentives

27-29 George St Pty Ltd

Canada Bay

202

Cardev NSW Pty Ltd

Lake Macquarie

45

Churches Community Housing Ltd

Fairfield

50

The Claireleigh Joint Venture

Gosford

Wollondilly

88

Edgeworth Projects Pty Ltd

Lake Macquarie

21

Illawarra Retirement Trust

Wollongong

Campbelltown

22

Mission Australia

Penrith

16

City West Housing

Sydney

57

City of Canada Bay

Canada Bay

24

Blue CHP Ltd

Bankstown

Parramatta

Penrith

Shoalhaven

242

Macquarie Bond Trust

Wollongong

20

TOTAL

787

 

Notice to Investors and Recipients

 

Where dwellings are approved under the Scheme, investors should be aware that this does not mean that the NSW Government endorses, guarantees or secures the investment in any way. Investors and approved participants should also be aware that provision of the Incentive is dependent on satisfactory completion of all conditions and compliance requirements under the Scheme.  For more information on conditions and compliance requirements, please contact the Australian Government.

 

Top of page


Last modified: Wednesday, 26 November 2014
Housing NSW © 2014Date last modified: Wednesday, 26 November 2014