Lambeth Council and Places for London have finished building 46 new social rent homes at Clapham North.
The apartments, spread over two buildings, include one, two, and three-bedroom units and five wheelchair accessible homes.
The development will house around 150 people from the council’s waiting list and those in temporary accommodation.
Councillor Claire Holland, leader of Lambeth Council, said: “Delivering high-quality, affordable homes is the council’s top priority.
“The housing crisis is hitting Lambeth and other London boroughs incredibly hard, meaning there are not enough homes for residents, leaving too many of our most vulnerable residents in often sub-standard temporary accommodation.
“We are exhausting every possible avenue to build new homes quickly.”
Holland added: “Thanks to our partnership with Places for London, this 100% social rent development will provide nearly 150 Lambeth residents with modern, energy-efficient homes.
“This is exactly the kind of partnership and ambition we need more of.
“I look forward to seeing more developments like this in the coming years as we work with our housing partners to tackle this crisis head-on.”
Jonathan Cornelius, head of property development at Places for London, said: “We are delighted to have worked with Lambeth Council to complete these fabulous homes at Fenwick Estate, helping address London’s housing crisis.
“Fenwick Estate is a great example of how two public bodies can come together to deliver the high-quality homes that London urgently needs.”
Deputy Mayor of London for Housing and Residential Revelopment Tom Copley, said: “I’m delighted to see these new social rent homes now ready for Londoners who have been on housing waiting lists and living in temporary accommodation.
“The Mayor and I are determined to deliver even more of these genuinely affordable, high-quality, well-connected developments as we continue working to build a better, greener, fairer London for everyone.”