The 1.5 hectare development will be located on Wattle Road. Minister for the Illawarra John Ajaka said that Central Gardens will form a community for its residents, situated close to amenities and existing social networks.
The NRAS is a Commonwealth and State funded program introduced in 2008 to deliver affordable rental homes nationally.
Seniors and people with a disability
The development is targeting people over 55 (over 45 for Aboriginal people) and people with a disability.
The new development is expected to be completed later this year.