A major renovation of an older apartment complex in downtown Winnipeg is underway, with the aim to create more affordable, better-quality housing options for newcomers.

The federal government and the Province of Manitoba are pouring $14.7 million into the renovation of the Immigrant and Refugee Organization of Manitoba building on Isabel Street.

Renovations are underway, and 60 units are expected to be renovated under the funding project. The units will be designed to allow for multi-generational and larger families.

IRCOM offers affordable apartments to newcomer families for up to three years after their arrival.

Minister of Public Safety, Vic Toews, made the announcement Monday, saying the project aims to improve housing conditions for low-income families and stimulate Winnipeg’s economy.

The move is part of the province’s five-year plan to create 1,500 affordable homes in Manitoba.