Item - 2026.MM39.4

City Council on March 25 and 26, 2026, adopted the following:

1. City Council increase the 2026 Operating Budget for Non-Program on a one-time basis by $555,000 gross, $0 net, fully funded by Section 37 community benefits obtained from the following developments:

a. 86-100 Bloor Street West (Source Account: XR3026-3700154) in the amount of $9,800, secured for climate-smart affordable housing;

b. 1, 3 Sultan Street, 11 St. Thomas Street, and 76 to 98 Charles Street West (Source Account: XR3026-3700004) in the amount of $110,000, secured for climate-smart affordable housing; and

c. 717 Church Street and 85, 89, 93 and 97 Collier Street (Source Account: XR3206-3701409), in the amount of $435,200, secured for affordable housing initiatives,

to be utilized for capital upgrades to affordable housing at 138 Pears Avenue, 25 Leonard Avenue and City-owned 877 Yonge Street (Cost Centre: NP2161).

2. City Council direct that the $555,000 be forwarded to St. Clare’s Multifaith Housing Society upon the signing of an Undertaking by St. Clare’s Multifaith Housing Society to govern the use of the funds and the financial reporting requirements.