The Public GalleryToronto

←Toronto Atmospheric Fund · 2026-11-03 · 2026.TA16.8

housing

Toronto Atmospheric Fund decides · Tue, Nov 3

Board is asked to approve $1.1M for a housing technology fund

The Toronto Atmospheric Fund board is asked to approve a $1.1 million commitment to a residential technology venture capital fund. If approved, the fund would make direct equity investments in early-stage housing technology companies that match the agency's retrofit and net zero new construction focus areas.

How to act

Watch for the board's vote at its November 3 meeting.

The journey

Tue, Nov 3 · Toronto Atmospheric Fund · scheduled, not yet heard
Why is this story here?
ContainedA single US$1.1M commitment to one venture capital fund is a bounded, contained decision for the agency.Touches a narrow groupIf approved, the fund invests in early-stage companies, which touches residents only at one remove.

Stories are ordered by how much weight a decision carries and how directly it reaches daily life. They rise as a decision date approaches and fall as they age.

Share this

The record as the City filed it

Staff recommended

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.

Show the rest of Staff recommended, 627 more characters as filed

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.

Considered

Official title: Direct Investment Request: Built Environment Venture Capital Limited Partnership (DI.2026.L) · the item as the City filed it

More from this meeting

The whole meeting