Unlocking opportunity: A deep dive into CMHC MLI Select

CMHC MLI Select is more than just a financial tool — it’s a pathway to creating impactful housing developments that balance profitability with social responsibility

What is CMHC MLI Select?

CANADA MORTGAGE AND Housing Corporation (CMHC) MLI Select is a forward-thinking program designed to incentivize sustainable and affordable housing development across Canada. This initiative is a part of CMHC’s broader commitment to creating innovative financial solutions that address housing affordability, environmental sustainability, and accessibility.

MLI Select provides tailored mortgage loan insurance options for developers and property owners who meet specific criteria related to affordability, energy efficiency, and accessibility. By aligning financing with these priorities, CMHC encourages the development of housing that not only meets market demand but also contributes positively to the community.

Key Benefits of CMHC MLI Select

Flexible Financing Options

MLI Select offers unparalleled flexibility for developers and landlords. Participants can choose from multiple tiers of benefits based on the level of affordability, sustainability, and accessibility they achieve in their projects. These tiers enable property owners to access preferential loan terms, such as extended amortization periods and reduced premiums, which make financing more accessible and affordable.

Focus on Sustainability and Accessibility

The program incentivizes the development of buildings that meet stringent energy efficiency standards and cater to diverse accessibility needs. This dual focus ensures that new housing projects are both environmentally responsible and inclusive for all Canadians.

Building Generational Wealth

One of the most compelling aspects of MLI Select is its ability to help property owners build generational wealth. By creating housing that meets affordability and sustainability criteria, developers can secure long-term financing benefits, attract stable tenants, and enhance property value over time. This makes it an excellent opportunity for investors aiming to make a positive impact while achieving financial stability.

Eligibility Criteria

To participate in CMHC MLI Select, developers and property owners must meet specific requirements:

• Affordability: A portion of the units must be designated as affordable housing, typically measured as a percentage of the median income in the area.
• Energy Efficiency: Properties must meet or exceed defined energy performance standards, which may include upgrades to insulation, HVAC systems, or renewable energy installations.
• Accessibility: Projects must incorporate features that enhance accessibility for individuals with disabilities, such as wider doorways, elevators, or adaptive technology.

Meeting these criteria unlocks access to the program’s tiered benefits, rewarding those who go the extra mile in fostering community-oriented housing solutions.

How to Apply for CMHC MLI Select

Step 1: Assess Your Project’s Fit

Evaluate your development or existing property to ensure it aligns with the program’s priorities. Focus on affordability, energy efficiency, and accessibility metrics.

Step 2: Contact a CMHC Specialist

Engage with a CMHC representative to discuss your project’s specifics and determine which tier of benefits you qualify for. The CMHC team can also provide guidance on additional documentation or criteria.

Step 3: Submit Your Application

Prepare and submit a detailed application, including project plans, affordability calculations, and evidence of energy efficiency and accessibility improvements. CMHC’s streamlined process ensures timely reviews and decisions.

Why Choose MLI Select?

CMHC MLI Select is more than just a financial tool—it’s a pathway to creating impactful housing developments that balance profitability with social responsibility. Whether you’re a seasoned developer or a first-time property owner, this program offers the resources and incentives to elevate your project and leave a lasting legacy in the housing market.

By participating in MLI Select, you’re not just investing in property—you’re investing in communities, sustainability, and a better future for all Canadians.