A new National Rental Affordability SchemeScheme
- 250,000 newly constructed dwellings over 10 years at a cost of $6.6bn.
- 20,000 dwellings in the first 4 years at a cumulative cost of the incentive ($8,500) of $102m.
- $8,500 subsidy to institutional investors per annum over 15 years ($127,500).
- Rent charged at 20 per cent below market rent.
- Properties to be owned or managed by community housing providers.