
___________________________________________________________________________________________ Shake up for rental scheme 13 March 2014 | The government has flagged a shake-up of the National Rental Affordability Scheme (NRAS) in the wake of revelations the program has been manipulated to build student housing that is being let to wealthy foreign students. Two developers behind an 823-bed NRAS development in Sydney tapped more than $80 million in subsidies to construct a building to be filled largely by international students. Universities have also snapped up thousands of NRAS incentives to build large blocks of studio accommodation that is often taken up by fee-paying international … [Read more...]