MLI Select
CMHC's multi-unit mortgage loan insurance program that offers premium discounts (up to 30%), enhanced LTV (up to 95% LTC), 50-year amortizations, and limited-recourse structures based on social-outcome points covering affordability, accessibility, and energy efficiency.
MLI Select is CMHC's preferred multi-unit mortgage loan insurance product, designed to encourage rental projects that deliver measurable social outcomes. Borrowers earn points across three pillars — affordability (deeply affordable rents), accessibility (barrier-free design), and energy efficiency (low-carbon construction or retrofits) — and the resulting point total unlocks tiered benefits. Under the July 14, 2025 revised pricing framework: 50+ points unlocks a 10% premium discount; 75+ points unlocks 20%; and 100+ points unlocks the maximum 30% premium discount plus access to enhanced terms (up to 95% loan-to-cost for affordable rental, 50-year amortization, limited recourse structures). Base premiums apply the standardized risk-based grid (2.60-9.00% depending on LTV, asset type, and purchase vs. construction) plus the +0.25%-per-5-year-extension amortization surcharge — and the MLI Select discount applies to the resulting figure. MLI Select is by far the most cost-effective CMHC option for projects that can hit the higher point thresholds, but the social-outcome commitments are binding and monitored.