Introduction: Financing Homes that Truly Matter
Retirement is meant to be a stage of comfort, security, and dignity. For investors and developers in Alberta, creating safe and affordable housing for older people isn’t just a business; it’s a responsibility. That’s where CMHC’s MLI Select program becomes a game-changer.
By offering up to 95% loan-to-value (LTV) and amortization periods of up to 50 years, MLI Select allows investors to finance senior-friendly apartments with lower upfront capital and better long-term stability.
Key Benefits for Investors and Retired Tenants
- Higher Loan-to-Value (95% LTV)
Normally, buying or developing multi-family housing requires heavy down payments. With MLI Select, investors can access up to 95% financing.- For developers, this means more projects can get off the ground.
- For retirees, it translates into more affordable rental options across Calgary and Edmonton.
- Longer Amortizations: Up to 50 Years
A 50-year amortization significantly reduces monthly debt obligations. Lower mortgage payments allow investors to keep rents reasonable while still generating a healthy cash flow.- This creates housing that remains accessible to retirees living on fixed pensions.
- Cash Flow Resilience
With lower financing costs, investors achieve stronger debt coverage ratios. This ensures buildings remain financially sustainable, even during economic shifts. For tenants, it means greater housing security and fewer rent shocks. - Social Impact Investing
Properties designed for older tenants often qualify for additional points under MLI Select’s affordability and accessibility categories. Investors who focus on seniors’ housing can access the most favorable terms while directly contributing to community well-being.
Why This Matters in Alberta
Alberta’s senior population is growing steadily, and many prefer renting to avoid the stress of ownership in retirement. Calgary and Edmonton, already attractive for their affordability, are natural hubs for this type of housing.
MLI Select bridges the gap between profitability for investors and stability for retirees, ensuring that older residents can live with dignity while investors enjoy long-term returns.
Conclusion
For investors passionate about combining financial growth with social good, MLI Select is the ultimate tool. It empowers you to create stable, affordable housing for retirees while preserving your own capital and maximizing portfolio growth.
With Alberta’s strong rental demand and aging population, the time to act is now.
