In this interview I discuss with Jack Zhou, energy consultant with A & J Energy Consultants, the process of performing energy audits on multifamily properties of 5+ units to qualify for financing under CMHC MLI Select under the energy efficiency section of this program launched in March 2022.

As you'll see, Jack is very passionate consultant who loves his work and is determined to contribute to having greener multifamily properties.

CMHC MLI Select is designed to promote three social outcomes, which are:

i) affordable housing;

ii) energy-efficient housing, and:

iii) accessible housing.

MLI Select works based on a scoring system. The more these social outcomes are achieved, the more point points are obtained, and the greater the flexibilities that can be obtained. With a maximum of 100 points, borrowers can benefit from 95% loan-to-value, 1.1 debt coverage ratios, and 50-year amortization periods.

Here is the link to CMHC MLI Select program.:   https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect

You can reach energy Jack Zhou at:  https://ajec.ca/.     Jack's team works across Canada.

 If you need a mortgage broker for commercial multifamily and construction financing in Ontario and Alberta, you can reach out to me at [email protected]. I'd be happy to assist. I understand your needs very well as a former CMHC multifamily underwriter and full-time multifamily investor.

In the meantime, go out there and love and be the master of your faith and the captain of your soul!

Pierre-Paul