Item - 2026.TA16.8

The Vice President, Impact Investing, Toronto Atmospheric Fund recommends that the Board of Directors of the Toronto Atmospheric Fund:

1. Approve a commitment by Toronto Atmospheric Fund to invest US$1.1M in the Fund, through the purchase of limited partnership (LP) units, subject to:

a. completion of all required documentation to effect Toronto Atmospheric Fund's commitment to the Fund, on terms satisfactory to the Vice President, Impact Investing; and,

b. satisfactory review of all legal documentation by Toronto Atmospheric Fund's legal counsel, as determined by the Vice President, Impact Investing and the Chief Executive Officer.

2. Direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it contains commercial and financial information, supplied in confidence to the Toronto Atmospheric Fund, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

The Direct Investment Committee (DC) recommends that the Board of Directors approve an investment commitment of US$1.1M in a residential technology venture capital fund (the “Fund”). The Fund makes direct equity investments into early-stage housing technology companies aligned with Toronto Atmospheric Fund's accelerating retrofits and net zero new construction focus areas.

There is no financial impact to the City of Toronto resulting from the adoption of the recommendations in this report.