Providence Housing managing director Bruce Barron also said the $150 million project would greatly ease Casey's chronic affordable-housing shortage.

Casey Council's planning committee is expected to decide on March 23 whether to issue a permit for 530 apartments to be built at the Fullard Road site.

Mr Barron said Casey Council officers had indicated they would recommend the permit be issued.

"Currently, 36 households have put down their names to be considered."

About 400 of the apartments will fall within the National Rental Affordability Scheme, which requires rents to be kept 20per cent below market rates.

Some caravan park residents have questioned whether they will be able to afford to move into the new complex if it gets the go-ahead.

But Mr Barron said the accommodation was extremely affordable, as the income threshold to be eligible to become a tenant ranged from nil up to $41,000 for an individual, and scaled upwards for couples and families.

"The indication is 54 per cent of all households within the City of Casey fit within the eligibility criteria of the NRAS."