National Rental Affordability Scheme

**Recent information**

The NRAS Regulations were recently amended to introduce new grounds for the Secretary to consider when assessing an application to transfer the allocation attached to the investor’s rental dwelling to a different approved participant. The changes also allow the Department to change which approved participant receives incentive payments for an allocation in certain circumstances when an allocation is transferred.

Investors proposing to submit a request to transfer an allocation to another approved participant should familiarise themselves with the Transfer process before completing and lodging the transfer request form.

The November 2018 amendments to the NRAS Regulations made some technical changes to the operation of the Scheme. The information sheet below provides information for approved participants about the changes.

The Regulation amendments introduced in November 2018 will also contain some technical changes that affect the operation of the Scheme.  The information sheet below provides information that approved participants should read in full to understand the new administrative functions that the Department will utilise in administering the Scheme.

Decorative

The National Rental Affordability Scheme (NRAS or the Scheme), which commenced in 2008, aims to increase the supply of new and affordable rental dwellings by providing an annual financial incentive for up to ten years. This incentive is issued to housing providers (“approved participants”) to provide affordable rental dwellings at least 20 per cent below market rates.

More information about the Scheme is available on the About NRAS page.

Latest news and events

7 November 2018 – Update to 2017-18 payments processing

                                              2017/18

Ready for assessment

Paid

Completed

7 November 2018

Number of approved participants

122

119 116

Number of incentives

34,954 32,737

 

As at 7 November 2018, 122 approved participants have notified the Department that their Statements of Compliance (SOCs) are ready for assessment. Of these, 119 approved participants have now been assessed and paid, in total or part, resulting in 32,737 incentives issued (94 per cent) of all SOCs paid.

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