National Rental Affordability Scheme

Haven Home Safe is the second largest NRAS approved participant in Victoria. The scheme is a partnership between the Federal and State Governments to invest in affordable housing for low and moderate income earners.

Summary of 2021-22 achievements:

― The team submitted 1,346 claims with the Federal Government. 255 of these lodgements relate to HHS owned properties. The remainder (1,091) are owned by external investors. ― The Federal Government have so far assessed and paid around $7.5M for 900 of these lodgements. ― Received $13M subsidy from both Federal and State Governments. The subsidies were promptly passed onto the investors in accordance with National Rental affordability Scheme (NRAS) guidelines. ― The team worked closely with over 60 estate agents to collect the documentation to provide submissions to the Federal Government. ― Provided continued guidance to the

Estate Agents and Property Managers on the rules underpinning NRAS. ― Worked closely with Real Estate agents to fill vacancies within the NRAS properties.

Our turnaround time for eligibility assessment of an applicant is 24-48 hours. ― Continued relationship building with 204 new investors who came across from another Approved Participant in 2020. ― Well informed and satisfied investor base through efficient communication channels and robust systems and processes. ― Effective management of investor expectations. ― Worked with the Federal and State

Governments on the amendments to

Residential Tenancy Act 1997 pertaining to operations of the National Rental

Affordability Scheme (NRAS).