Sir George cut the ribbon to celebrate the official completion of the first phase of the regeneration scheme at Bishops Green.
Together with the remaining two phases, this will transform the former Greenham Common airbase into a modern, appealing and sustainable community, complete with its own village hall and shop.
"Not only does this scheme replace some 80 substandard and cramped units, but it will provide an extra 68 homes for families as extra land has been added on to the existing estate."
"The community here will also be more balanced as there will be a mixture of home-ownership, shared-ownership and renting - whereas previously it was almost 100% rented."
Sir George paid tribute to the way Sentinel - the housing association that took over the estate from Basingstoke and Deane - consulted with the tenants so the new development reflected their ambitions. "Everyone who wanted to stay has stayed, so the community has remained intact."
The Chairman of Sentinel, Charles Kaye, paid tribute to the support the scheme had received from the Housing Corporation - some £4m - and to the work of the local authority and of Ian Green the Youth Worker at the Bishops Green Youth project, based on the estate.
"The local councillor, James Lewin, has also been a powerful advocate for the local community."
The newly appointed cabinet member for Housing and Health, cathy Osselton. also spoke at the opening. A former member of the Board of Sentinel, she was familiar with the scheme and delighted at the progress that had been made."
After the opening, there was a display of flying by birds of prey. The roads in Bishops Green include Eagle and Osprey Close.