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The Portland Development Commission today voted to increase a loan that would move forward the Killingsworth Station mixed-use project.

The 4-1 vote increased a $3 million loan to project developer Winkler Development Corp. to $5.86 million, said PDC spokesman Shawn Uhlman. That increases the PDC’s total investment in the project to $11 million. Construction should begin within the next eight weeks, Uhlman said.

“It’s very welcome news for a project that has been a priority for the community and the PDC for a long time,” said Uhlman.

The project will contain 9,000 square feet of ground-floor retail space, 54 one-bedroom condominium units, of which 32 would be considered affordable housing, and three two-bedroom condominium units. The four-story building will be built in a 32,000-square-foot lot which currently sits vacant on the corner of North Killingsworth Street and North Interstate Avenue.

In order to qualify for the affordable housing units, families cannot make more than 80 percent of the area’s median family income.