The Missing Middle: Unlocking Opportunities with Development Management Expertise
The housing market is evolving rapidly, and the demand for innovative solutions has never been higher. With the implementation of Bill 23, developers in Ontario have a unique opportunity to bring missing middle housing projects to market faster than ever before. At The GeoFocus Group, we’re here to help you navigate this transformative landscape with expertise in development management, tailored to the specific needs of purpose-built rentals and affordable housing options.
What Is the Missing Middle?
The term “missing middle” refers to housing types that fall between single-family homes and high-rise developments—think duplexes, triplexes, townhomes, and low-rise multi-family units. These housing types are essential for addressing the growing need for affordable, family-friendly options in urban and suburban areas.
With Bill 23, many missing middle housing projects are now exempt from site plan control, removing significant bureaucratic delays. This creates a golden opportunity for developers to act quickly and efficiently.
How CMHC Programs Help Developers Build the Missing Middle
To further accelerate missing middle and purpose-built rental projects, developers can tap into the programs offered by the Canada Mortgage and Housing Corporation (CMHC), including MLI Select, MLI Standard, and the Affordable Construction Loan Program (ACLP). These initiatives are designed to provide financial incentives, reduce borrowing costs, and support the creation of sustainable, affordable housing.
CMHC MLI Select
This program rewards projects that include energy efficiency, accessibility, and affordability components. For missing middle developments, incorporating these elements can lead to higher loan-to-value ratios and reduced interest rates, making it easier for developers to achieve their financial goals while meeting community needs.
CMHC MLI Standard
A foundational program for purpose-built rentals, the MLI Standard provides favorable loan terms and insurance for developers focused on long-term rental housing. It’s an excellent option for those looking to create stable cash flow through multi-family properties.
CMHC ACLP (Affordable Construction Loan Program)
For developers tackling larger multi-family or deeply affordable housing projects, the ACLP offers low-cost construction loans with extended amortization periods. These loans are particularly beneficial for missing middle projects that align with municipal affordability goals under Bill 23.
How The GeoFocus Group Helps You Deliver Missing Middle Projects
At The GeoFocus Group, we specialize in providing end-to-end development management solutions that ensure your project moves seamlessly from acquisition to market. Here’s how we make it happen:
1. Strategic Site Selection and Land Acquisition
Finding the right property is the foundation of every successful development. We leverage our deep market knowledge to identify locations primed for quick approvals and optimal market appeal.
2. Streamlined Design Development
Our team works with architects, engineers, and other design professionals to create efficient, buildable plans that comply with Bill 23 requirements. We prioritize coordination to eliminate bottlenecks and avoid costly redesigns.
3. Budgeting and Financing Expertise
We assist in preparing comprehensive budgets and work closely with lenders and programs like CMHC’s MLI Select, MLI Standard, and ACLP to secure financing that aligns with your project’s timeline and goals.
4. Quick-to-Market Execution
Time is money in real estate development. By leveraging opportunities afforded by Bill 23 and CMHC programs, we ensure your purpose-built rental or missing middle project is on the fast track to success.
Why Purpose-Built Rentals Are the Future
As housing demand continues to outpace supply, purpose-built rentals have emerged as a key solution. These developments cater to long-term renters and offer more stability for developers compared to traditional condo models. By utilizing CMHC’s financial tools, developers can enhance project feasibility while contributing to sustainable, affordable housing solutions.
The GeoFocus Advantage
With decades of experience in development management, project management, and construction management, The GeoFocus Group is uniquely positioned to help you capitalize on the opportunities in today’s housing market. From navigating regulatory frameworks like Bill 23 to leveraging CMHC programs for financing, we bring the expertise you need to succeed.
Let’s Build the Missing Middle Together
The time to act is now. With the changes introduced by Bill 23 and the financial support of CMHC programs, the missing middle is no longer missing—it’s waiting to be developed. Whether you’re planning duplexes, triplexes, or larger multi-family developments, The GeoFocus Group is your partner in creating housing solutions that meet today’s demand.
The GeoFocus Advantage: Leveraging an Invaluable Network
One of the key strengths of The GeoFocus Group is our extensive network of trusted third-party consultants, engineers, architects, and quantity surveyors, all with proven experience on CMHC-financed projects. This network allows us to assemble the right team for every development, ensuring your project benefits from professionals who understand the nuances of MLI Select, MLI Standard, and ACLP requirements. Their expertise in CMHC-compliant designs, detailed cost estimating, and energy-efficient solutions provides a significant advantage in securing financing and achieving project success. With this network at your disposal, you can confidently navigate every stage of the development process.
Contact us today to learn how our development management services can help you bring your vision to life. Together, we can build the future of housing.
