The housing developer has completed the first two phases of its £19m Williamson Place scheme on Wavertree Road in Edge Hill, Liverpool.
Bellway has worked closely with Liverpool City Council and Edge Hill Housing and Issues Focus Group, which have supported regeneration and better housing in the area since 2003, to drive forward the delivery of the project.
Williamson Place is part of the council's Wavertree "zone of opportunity" and falls within the Kensington renewal area.
Once phases three to six are completed in late 2012, there will be 167 new homes built, providing bungalows and two, three and four bedroom homes. So far, 54 people have moved in.
Residents began working with the council in 2003 laying out the regeneration and housing renewal plans for the area.
Work started on the homes in 2008 and was guided by a design working group comprising of representatives from the community, the council, Bellway, Halsall Lloyd Architects and CABE, which met with local residents over a six month period.
The scheme, which was also awarded a Homes & Communities Agency KickStart grant of £1.2m, and Bellway's new sales house will be officially completed in September.
Williamson Place is the fifth new housing development on site in the council's Wavertree zone of opportunity. Liverpool City Council's housing renewal team is working with its partners Bellway, Lovell, Riverside Housing and the HCA and local communities to deliver a programme of housing renewal in the area.
A total of 531 new homes will be built in the area for existing and new residents by the end of 2012.
Cllr Ann O'Byrne, cabinet member for housing and community safety at Liverpool City Council, is joining residents on Thursday to mark the completion of the first two phases of Williamson Place.
O'Byrne said: "It has brought a big boost to the area, and perfectly reflects our vision to deliver a diverse mix of housing in our communities, guided by the views of local people.
"Improving the quality and variety of homes throughout Liverpool continues to be a major priority for us and it's vital we work effectively with the community and with partners to make this a reality. This is a great example of how, by working together, we can transform neighbourhoods and drive up the quality of local people's lives."