As of March 7th, MLI Select has replaced CMHC’s 2017-launched MLI Flex program. The MLI Flex program distributed financing benefits based on a commitment to 10 years of guideline rental increases, and requiring 20 percent of the units to be below 30 percent of the local median household income. Comparatively, CMHC’s new MLI Select program is based on a three-tiered point system that allocates benefits based on the applicant’s commitment to affordability, accessibility, and energy efficiency, allowing for increased flexibility in attaining the benefits offered from the program. The greater the social and environmental outcomes of a rental housing property, the broader the incentives are, including lower insurance premiums and longer amortization periods.
In our latest white paper, we look at what MLI Select is, how it compares to the previous program and how it will impact affordability, accessibility and sustainability.
