National Rental Affordability Scheme

Call Two of the National Rental Affordability Scheme (NRAS) closed on 27 March 2009.

Call Three of NRAS is expected to open early in the 2009/10 financial year. NSW is considering its participation  and will undertake a review of the results of Call One and Two. Call Three will be seeking proposals that can deliver dwellings available to rent by June 2012.

For more information on NRAS, please contact the Australian Department of Families, Housing, Community Services and Indigenous Affairs by visiting: http://www.facsia.gov.au/internet/facsinternet.nsf/housing/nras.htm.

For information on how NRAS will work in NSW, please contact the Centre for Affordable Housing by emailing nras@housing.nsw.gov.au or by ringing 02 8753 8181. This website will be updated as information for Call Three becomes available.

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 50,000 new dwellings in the first four years, with a further 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)

The first Call for Applications for the Expansion Phase (Call Three) is anticipated to be announced in mid 2009.

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NRAS Round One  

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

The first NRAS application call (Call One) was a competitive selection process. There were 15 successful NSW applicants.

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:

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