NRAS Property in Victoria
The National Rental Affordability Scheme (NRAS) is a extended term commitment by the Australian Administration to invest in affordable rental housing. The NRAS Victoria seeks to domicile the shortage of affordable rental housing by offering financial incentives to the business sector and community organizations to build and rent dwellings to low and moderate income households at 20 per cent below-market rates for 10 years. NRAS Victoria aims to increase the supply of fresh affordable rental housing; reduce rental costs for low and moderate income households; and encourage large scale investment and innovative delivery of affordable housing.
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