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Managing NRAS properties

The National Rental Affordability Scheme (NRAS) is an 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 Policy Guidelines developed by the Commonwealth Government. To view the NRAS Policy Guidelines or for more information about NRAS, go to the FAHCSIA web site and scroll down to the Policy Guidelines section.

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 Guidelines and the NSW Affordable Housing Guidelines. Where Commonwealth NRAS Guidelines differ from these Guidelines, for example in maximum income limits, the Commonwealth NRAS Guidelines prevail to the extent of the difference.

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Last updated: 28 Mar 2023