FIFTH ROUND OF NRAS FUNDING WILL NOT BE GOING AHEAD

FIFTH ROUND OF NRAS FUNDING WILL NOT BE GOING AHEAD

The National Rental Affordability Scheme (NRAS) is a partnership between the Australian Government  and the states and territories to invest in affordable rental housing.

The scheme, which commenced in 2008, sought to address the shortage of affordable rental housing by offering financial incentives to persons or entities such as the business sector and community organisations to build and rent dwellings to low and moderate income households at a rate that is at least 20 per cent below the market value rent.

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