The 42-home Lyons Gate development was delivered by Keepmoat Homes on Heathfield Road in Ayr.
The 18-month scheme comprises of eight cottage flats and two semi-detached houses for rent,with Keepmoat working in partnership with Hanover Scotland to make 10 of the new homes 'affordable'.
The development also received a £763,000 investment from the Scottish Government.
Sandy McBride, Regional Managing Director for Keepmoat Homes, said: "Before we even began the construction of new homes at Lyons Gate, we invested heavily in ground improvement works and consulting with the local community to ensure we delivered the right product.
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"Over recent years the demand for new housing in the area has continued to increase and we are pleased to be working in partnership with Hanover Housing Association and South Ayrshire Council to be able to meet this demand."
Mark Farey, Director of Asset Management at Hanover Scotland, said: "We are delighted to be working with South Ayrshire Council and Keepmoat Homes to bring modern, affordable homes to the area.
"This is a perfect example of how Hanover Scotland is working closely with local authorities to ensure Scotland delivers on its ambitious affordable housing target, providing high quality affordable homes suited to the needs of the local community."
Cllr Philip Saxton said: "These homes are a fine example of what can be achieved through partnership working. South Ayrshire Council will continue to work closely with Hanover Scotland and other Registered Social Landlords to provide affordable housing that meets the needs of our communities."
Housing Minister Kevin Stewart said: "I am delighted to see the completion of the Lyons Gate development, which will bring great benefits to the area. It will not only provide high quality, affordable accommodation, but breathe new life into the community."
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