National Rental Affordability Scheme

Introduction

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

The Scheme, which commenced in 2008, seeks 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.

NRAS aims to:

  • increase the supply of new affordable rental housing
  • reduce rental costs for low and moderate income households
  • encourage large-scale investment and innovative delivery of affordable housing.

Latest news and events

09 September 2014

Information about National Rental Affordability Scheme payments for 2013/14

08 September 2014

If an NRAS investor thinks they are likely to have an entitlement to claim the NRAS tax offset in the 2013-14 financial year, but have not yet been advised of the amount by the due date for lodgement of their tax return, they can ask the Australian Taxation Office for an extension of time to lodge. Alternatively they may lodge their tax return by the due date without claiming an NRAS tax offset and, if it is later determined they have an entitlement, they can request an amendment to their tax return.

For more information visit:

08 August 2014

Currently there are a high number of NRAS Incentive claims being processed by the Department. Processing of claims will happen once all relevant information has been provided by the approved participant and assessed by the NRAS payments team.

Once the assessment process is completed, cash or Refundable Tax Offset certificates will be issued to the approved participant.

If you are not an approved participant, and would like further information please contact your approved participant directly.

06 June 2014

URGENT NOTICE: NRAS scam in QLD. Please read the full notification:

13 May 2014

In the 2014-15 Budget, the Government announced that it will not proceed with Round 5 of the National Rental Affordability Scheme. This page provides answers to some of the questions regarding this decision.

Contact details

If you have any feedback, concerns and complaints about the administration or delivery of NRAS or actions of NRAS Approved Participants, please contact the NRAS Helpdesk.

Email: nras@dss.gov.au

About NRAS

NRAS Frequently Asked Questions

Information for NRAS participants, investors and tenancy managers

Information for NRAS tenants

NRAS legislation, regulations and policy guidelines

NRAS performance reporting

Glossary of Terms

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