A Winnipeg housing development is being built with support from a low-cost loan from the federal government.

The Canada Mortgage and Housing Corporation's Rental Construction Financing initiative provides low-cost loans in an effort to encourage construction of standard apartment projects in Canada.

EdgeCorp Developments is getting 18-million dollars through the RCFi for a 95 unit, six-storey building in Transcona, called Park City Commons.

EdgeCorp president Keith Merkel says it's part of a bigger community they're building, that will include more apartments, and mixed-use development with groceries, a coffee shop, and such.

The RCFi comes with affordability requirements. Each of the units in Park City Commons will have rents at or lower than 30 per cent of median household income in the area.

In Budget 2018, the federal government increased the amount provided through RCFi nationwide from $2.5-billion to $3.75-billion from 2018-2021.

"A total of 14,000 middle class families will be supported over the next three years. It will make a big difference in many communities, where the cost of housing limits the ability of families to live well, and the cost of housing also limits businesses to thrive," said Minister of Families, Children and Social Development and the Minister responsible for Canada Mortgage and Housing Corporation Jean-Yves Duclos today in Winnipeg, at the construction site on Plessis Road.

Energy efficiency requirements are also a part of the RCFi. The Park City Commons is to achieve energy savings of 16 per cent, and a 23 per cent reduction in greenhouse gases.