A total of 133 new homes have been developed by Campion Homes in Kincardine.
Work to redevelop Devilla got underway nearly eight years ago on the site of three former blocks of high rise flats. The latest phase of work involved the construction of 49 properties in total.
The development was designed by by Oliver & Robb Architects, Scott Bennett Associates, both of Dunfermline, and Langmuir & Hay of Glasgow.
Both the Scottish Government and Fife Council provided around £10m in subsidy to support the redevelopment with the balance of the funding raised by Kingdom. Further funding was obtained through Allia's charitable bond programme.
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Bill Banks, Kingdom's Chief Executive, said: "This has been a very successful regeneration project progressed through collaborative working with the community and various partners.
"Close collaboration with Fife Council enabled the project to proceed and Kingdom Initiatives were able to access the private funding for the project through the on-lending of funds, from Kingdom Housing Association, that were raised through the Allia bond, which provided £2.75m, of the private funding with £1.85m being the receipts from sales recycled back in to future Kingdom Initiatives provision.
"The homes that have all been built to high quality standards and have been designed to meet the building regulations silver sustainability standard. They have highly efficient boilers, waste water and gas flue heat recovery, high levels of insulation and triple glazed windows. The new homes will be very efficient to run for residents and meet Secured by Design standards.
"Completion of the Devilla development marks a major step forward for the standard of housing available in Kincardine and we are sure it will be a benefit to the community for years to come."
(LM)
