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Managing NRAS properties

The National Rental Affordability Scheme (NRAS) is a Commonwealth Government initiative delivered in partnership with the NSW Government to support the delivery of new affordable rental housing supply.

NRAS provides incentives through the Commonwealth and State Governments for up to 10 years to develop affordable housing, on the condition that rent is discounted by at least 20 percent below the market rate and targeted to eligible low to moderate income families.

Affordable housing properties receiving NRAS incentives are managed according to the National Rental Affordability Scheme Regulations 2020 developed by the Commonwealth Government.  For more information about NRAS, go to the Department of Social Services website

Some NRAS properties were developed by community housing providers with upfront capital funding from the NSW Government, under a scheme called NRAS A.

Properties receiving NRAS A funding must comply with both the Commonwealth NRAS Regulations and the NSW Affordable Housing Ministerial Guidelines PDF, 14062.98 KB. Where Commonwealth NRAS Regulations differ from these Guidelines, for example in maximum income limits, the Commonwealth NRAS Regulations prevail to the extent of the difference.

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Last updated: 10 Apr 2024