Round Three - Call for Applications
National Rental Affordability Scheme Round three Guidelines and Application Form are now available.
Round Three of the National Rental Affordability Scheme opened from 1 September 2009 and closes at 5pm AEST on Tuesday 31 August 2010. Applications will be assessed as they are received and decisions will be announced during the application period.
The extended application period responds to feedback received from housing providers and developers about the time required for project planning and securing finance.
Round Three encompasses three components:
- Applications which link to proposals under the Social Housing Initiative, a component of the Nation Building and Economic Stimulus Plan. Some successful applicants under the Social Housing Initiative component of the Nation Building and Economic Stimulus Plan will be contacted directly to determine whether they are interested in lodging an application under NRAS.
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Applications which seek to have the private sector develop state-owned land that has been released for residential development - the NRAS component can be all or part of the development.
The successful proponents for the development of public land released for residential development, who have included an NRAS component in the development, will be invited to submit an NRAS application. The NRAS application will be facilitated by the relevant State or Territory Government and take account of the procurement process already conducted for the development of the land.
The targeted approach in (1) and (2) above aims to simplify and encourage mixed developments on public land, and to support linkages with the Social Housing Initiative, a part of the National Building Economic Stimulus Plan. Proposals must still meet the requirements of the Scheme. Application Guidelines for the first two components of Round Three will be distributed with the application pack.
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Applications which propose to construct a minimum of 1,000 dwellings as a large scale portfolio of affordable housing.
This component of Round Three is open to all applicants who meet the minimum 1,000 dwelling requirement.
Applying for Round three
Please use this link to access the Application Guidelines and Application Form.
Please use this link to access the Policy Guidelines.
Background
The National Rental Affordability Scheme (NRAS) is helping increase the supply of affordable rental dwellings by up to 50 000 by 2012. NRAS properties are rented at least 20 per cent below the market rate to eligible low to moderate income households.
There have been three calls for NRAS applications.
Round One
The First Call for applications was made on 24 July 2008 and closed on 4 September 2008.
Round Two
The Second Call for applications opened 17 December 2008 and closed on 27 March 2009.
Round Three
The Third Call for applications opened on 1 September 2009 and will close at 5pm AEST on Tuesday 31 August 2010.