© Commonwealth of Australia, 2010
- NRAS dwellings must be rented to eligible tenants who meet the NRAS income level requirements, which are based on the tenant's gross income.
- The National Rental Affordability Scheme (NRAS) is a long term commitment by the Australian Government to invest in affordable rental housing. NRAS provides a National Rental Incentive to the business sector and community organisations to build and rent dwellings to eligible low and moderate income households at a rate that is at least 20 per cent below the prevailing market rate.
- The income limits for NRAS tenants are intended to include key and essential service workers, for example, childcare workers, nurses, police officers and fire-fighters.
- Income limits are indexed in accordance with the NRAS tenant income index on 1 May each year, rounded to the next whole dollar. The NRAS tenant income index is the All Groups component of the Consumer Price Index.
- Approved NRAS participants are responsible for selecting eligible tenants, except in Queensland. Queensland tenants are selected from the One Social Housing Register.
- There is no assets test for tenant eligibility, except for tenants in Queensland where an asset test applies for the One Social Housing Register. In other jurisdictions, where a tenant receives a lump sum payment, such as an inheritance, only the income earned from investing the lump sum would be taken into account in determining tenant eligibility.
- It is estimated that approximately 1.5 million Australians are eligible to be NRAS tenants.