UDIA urges government to maintain affordable housing scheme
AUSTRALIA is suffering a shortage of almost half a million rental properties affordable to low income households, which is why it is essential that the next federal government commits to the extension of the National Rental Afford- ability Scheme (NRAS), according to the Urban Development Institute of Australia.
The scheme provides incentives for the construction of housing to be rented at below market rates to low and moderate income households.
UDIA national president Julie Katz said the National Rental Affordability Scheme had been highly successful at increasing the stock of affordable rental dwellings.
‘‘It would be extremely disappointing to see the scheme end, considering how successful it has been to date, and also given the growing housing affordability problems facing Australian cities.’’