The Tenants

With an NRAS property the tenant has to go through a far more stringent qualification process and are required to to meet the NRAS Income Eligibility Limits which are reviewed and updated annually in line with the NRAS year.

NRAS dwellings must be rented to eligible tenants who meet the NRAS income level requirements, which are based on the tenant’s gross income.

The income limits for NRAS tenants tend to be key and essential service workers, for example, childcare workers, nurses, police officers, paramedics and firefighters.

income eligibility 2013
Source: Questus

NRAS is not a public housing program; it is a tax incentive to induce more private investment in the lower price range of the residential market.