Seniors housing in Canada faces a growing gap between demand and supply. Active and independent living communities can close part of that gap, and the right financing structure makes the difference between a project that pencils and one that does not.
Classify the program for the financing
An active and independent living community can be structured as rental housing, which opens CMHC's MLI Select program. MLI Select rewards projects that commit to affordability, energy efficiency and accessibility, with more favourable financing terms as the commitments rise.
Model the thresholds, then design
We model the affordability, energy and accessibility thresholds together, alongside the energy performance model, so the project targets the combination that produces the strongest financing outcome. Design is then engaged to deliver that combination, rather than retrofitting commitments into a finished design.
Repositioning the right sites
Some of our seniors communities began as planned condominium or townhome projects. Repositioning them as active and independent living, or as a phased continuum of care, can align them with stronger financing and with what municipalities want to see built.
Capital recycling across phased campuses
On larger sites, each building can be sized so its take-out financing funds the equity for the next, letting a full continuum of care campus advance with less equity and in a shorter time.
Built for longevity of independence
Modern methods of construction shorten the build and the carrying period, and quieter, healthier suites support residents for longer. The objective is not luxury. It is longevity of independence, in communities where residents belong.