The first phase of the project, which will provide nearly 2 000 houses for low- and middle-income groups, will officially open on June 1.
A total of 646 units will be allocated to applicable families.
The first phase of the Brickfields development had a price-tag of R98-million.
The project will entail the construction of a mixed-use complex with commercial and residential space ranging from one-bedroom to three-bedroom units and lofts.
One of the project's main aims was to fight poverty in the inner-city area by contracting the services of entrepreneurial small, medium and micro-enterprises contractors.
The project was made possible through an initial investment of R35-million by the Gauteng housing department and the Gauteng Partnership Fund, as well as the provision of land from the Johannesburg City Council, and an additional R70-million of private investment.
Monthly rentals are estimated as ranging from R1 242 a month to R2 615 for the larger units.
Mokonyane reported last month that construction on the second phase of the project has started and will be completed by February 2006.
The second phase will see the construction of 1 200 units.