CMHC MLI Select for Multi-Unit Projects
This is an innovative multi-unit mortgage loan insurance product focused on affordability, accessibility, and climate compatibility.
By building your Multi-Unit project to 20-40% more efficient than National Building Code, or retrofitting an existing multi-unit building to these standards, significant loan incentives can be unlocked.
Who We Are
MLI Select
An innovative multi-unit mortgage loan insurance product focused on affordability, accessibility, and climate compatibility.
Access reduced premiums and longer amortization periods based on your level of commitment to affordability, accessibility, or climate compatibility using MLI Select.
MLI Select uses a point system to offer insurance incentives for new construction and existing properties.
You can choose to focus on a single area like energy efficiency or combine commitments to increase your points and incentives.
If you wish to learn more about MLI Select and how the incentives work and can benefit your project, don’t hesitate to reach out to us.
Existing properties - Point Distribution
Existing properties - Insurance Flexibilities
New Construction - Point Distribution
New Construction - Insurance Flexibilities
FAQs
Is your project eligible?
CHMC mortgage loan flexibilities are available for both new and existing projects. They can be used for standard rental buildings, single room occupancies (SRO), supportive housing and retirement homes. Student housing projects are only eligible to qualify under energy efficiency and accessibility.
To be eligible your project must have a minimum of 5 units except retirement homes where a minimum of 50 units/beds is required. Non-residential space must not exceed 30% of the gross floor area nor 30% of total lending value.
The project must not be subject to any prohibition under the Prohibition on the Purchase of Residential Property by Non-Canadians Act.
Energy efficiency criteria
For this part, CMHC will use the attestation of a qualified professional (such as ourselves) as well as the use of third-party building standards and certifications to validate the energy efficiency commitments of your application.
Qualified professionals include those with energy modelling experience such as:
Professional Engineer
Architect
Registered Energy Advisor
Certified Engineering Technologist (CET)
Certified Energy Manager (CEM)
Also, an appropriate energy simulation software must be used to conduct the analysis.
Resources
For more details regarding MLI Select please refer to the following documentation:
- MLI Select Required Documentation Guide (PDF)
- Attestation for social outcomes (PDF)
- Attestation for energy efficiency (PDF)
- Attestation for accessibility (PDF)
- Multi-Unit fees and premiums at-a-glance (PDF)
- Certificate of Insurance — application form (PDF) **Important: To use this interactive PDF, right click (Ctrl + click on Mac) the link to save the file, and then open it in Adobe Acrobat.
Will CMHC still offer the MLI Flex program?
MLI Select came into effect as of March 7, 2022 and has replaced CHMC’s previous MLI Flex product. Applications for MLI Flex are no longer accepted.
