CMHC MLI Select: Terms, Benefits, and How Our Design Meets Energy and Accessibility Standards

Introduction: What is the CMHC MLI Select Program?

The CMHC’s MLI Select program offers low-interest, long-term financing for rental housing projects, promoting affordable, energy-efficient, and accessible housing. Developers can access up to 95% loan-to-value (LTV) ratios, making it a valuable tool for large-scale rental developments.

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Key Terms of the MLI Select Program

• Loan-to-Value (LTV): Developers can borrow up to 95% of the project’s value.
• Amortization Period: Up to 40 years.
• Low-Interest Rates: Competitive rates reduce the overall financing costs.
• Flexible Repayment: Adaptable terms based on project needs.
• Affordable Housing Focus: A portion of units must be offered at affordable rents.

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Benefits of the MLI Select Program

Affordable Housing: Supports the development of affordable rental units.

Low-Cost Financing: Access to significant funds with reduced financial burden.

Long-Term Stability: Predictable cash flow with a 40-year repayment period.

Sustainability: Supports eco-friendly projects through energy efficiency requirements.

Accessibility: Ensures inclusive design for diverse tenant needs.

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Title: CMHC MLI Select: Terms, Benefits, and How Our Design Meets Energy and Accessibility Standards

Introduction: What is the CMHC MLI Select Program?

The CMHC’s MLI Select program offers low-interest, long-term financing for rental housing projects, promoting affordable, energy-efficient, and accessible housing. Developers can access up to 95% loan-to-value (LTV) ratios, making it a valuable tool for large-scale rental developments.

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Key Terms of the MLI Select Program

• Loan-to-Value (LTV): Developers can borrow up to 95% of the project’s value.
• Amortization Period: Up to 40 years.
• Low-Interest Rates: Competitive rates reduce the overall financing costs.
• Flexible Repayment: Adaptable terms based on project needs.
• Affordable Housing Focus: A portion of units must be offered at affordable rents.

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Benefits of the MLI Select Program

• Low-Cost Financing: Access to significant funds with reduced financial burden.
• Long-Term Stability: Predictable cash flow with a 40-year repayment period.
• Sustainability: Supports eco-friendly projects through energy efficiency requirements.
• Accessibility: Ensures inclusive design for diverse tenant needs.
• Affordable Housing: Supports the development of affordable rental units.

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Energy Efficiency Requirements

Projects must meet high energy performance standards, including:

• Building Energy Ratings: Compliance with energy codes.
• Energy Modeling: Demonstrating reduced energy consumption.
• Renewable Energy: Incentives for solar, geothermal, and other renewable systems.
• Low-Carbon Materials: Use of sustainable building materials.

Our design fully meets these standards, integrating energy-efficient solutions to ensure a sustainable and low-carbon impact.

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Accessibility Requirements

The MLI Select program also mandates accessible design, ensuring housing meets the needs of individuals with disabilities. This includes:

• Barrier-Free Units: Ensuring ease of access and mobility for all tenants.
• Universal Design: Design features that cater to a diverse range of tenants.

Our design complies with these accessibility requirements, ensuring all units are inclusive and accessible.

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Conclusion

The CMHC MLI Select program offers developers significant advantages, from low-interest financing to energy-efficient and accessible design standards. Our commitment to sustainability and inclusivity ensures that our projects not only meet but exceed these program requirements, creating a positive impact for both investors and tenants.