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  
• Results NRAS Round Two
• Results NRAS Round One
• Notice to Investors and Recipients

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.

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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.   

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:

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.

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