The aim of affordable housing is to enable people to live an area that is close to services like transport, shopping, health care, schools, and to their support networks in the community.
The definition of Affordable Housing is designed to assist people on low to moderate incomes. Rent is charged at 30% of gross household income or 80% of market rent.
People in this group are described as ‘key workers’ with housing locations situated close to where they work. Key Workers are those that provide essential services (police, fire and ambulance), health services, childcare workers, education and other community support services. Housing for this group will be supplied through the National Rental Affordability Scheme (NRAS). People in this group are not eligible for Public Housing.
National Rental Affordability Scheme (NRAS) - The Federal Government developed the National Rental Affordability Scheme (NRAS) which is aimed at creating and providing affordable housing for key workers. NRAS is not a public housing or welfare program; it is a tax incentive to induce more private investment in the lower price range of the residential construction market.
BlueCHP is experienced in delivering NRAS development projects with successful applications made in the first two funding rounds of the Scheme.BlueCHP’s business model and rapid growth demonstrates the organisations capacity to partner with other companies to establish investments that deliver more affordable housing in Australia.
Source: Department of Social Services - Housing Support - National Rental Affordability Scheme
NRAS Resources, Documents and Information
Source: Department of Social Services - Housing Support - National Rental Affordability Scheme.
Source: Housing NSW