Funding a Greener Future
Bring sustainable innovation to your city by issuing the first public Environmental Impact Bonds.
Apply now to join the future of sustainability.
This fall, two cities are expected to pioneer the first publicly-offered Environmental Impact Bonds (EIBs), supported by the Rockefeller Foundation. The winning cities will work with Neighborly and impact analysis experts Quantified Ventures to structure, market and underwrite these financings. Services by both firms will be offered pro bono.
Cities, municipalities and agencies that are interested in using innovative financing techniques to pilot resilience projects are encouraged to apply to the EIB Challenge. While green infrastructure proposals will be given preference, cities may also propose other resilience-related projects. We are currently requesting proposals, and EIBs will likely be issued in late 2018.
Please email proposals to email@example.com
On August 2nd, 2017, Neighborly and Quantified Ventures hosted a webinar on the EIB Challenge and provided additional details on the Request for Proposals. View the webinar above.
An Environmental Impact Bond could finance green infrastructure projects, which use vegetation, soils and other natural elements to restore and mimic the natural water cycle, to prevent runoff and contamination. Beyond green infrastructure, EIBs can fund other projects that help build more resilient communities, such as microgrids, affordable housing, waste reduction and disaster preparedness.
Urban tree canopies
San Francisco, CA
Green streets and alleyways
At scale, in a city or community, substantial investments in green infrastructure and other resilience projects can accomplish the following:
With the release of the Request for Proposals, Neighborly and Quantified Ventures will host a webinar to introduce the project and answer questions from interested municipalities and water authorities.
Early Fall 2017
Following an initial evaluation, interviews, site visits and a final evaluation, two municipalities or water authorities will be selected to work with Neighborly and Quantified Ventures to issue Environmental Impact Bonds.
Late Fall 2017
Quantified Ventures will work closely with the two municipalities or water authorities to confirm the work plan, define and prioritize expected outcomes and build an economic model.
Neighborly and Quantified Ventures will work with the two water authorities to design an evaluation plan, market the deal to investors and structure the transaction.
Environmental Impact Bonds
This material is provided solely as a matter of possible interest. The information provided is not intended to be and should not be construed as "advice" under Section 15B of the Securities Exchange Act of 1934 or the municipal advisory rules of the SEC and MSRB. Neighborly Corporation, a Delaware corporation and its wholly-owned broker-dealer Neighborly Securities("Neighborly"), is acting for its own account. Neighborly is not a municipal advisor, financial advisor or agent and has no advisory, agency, or fiduciary duty to any person pursuant to Section 15B of the Securities Exchange Act of 1934 or Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Securities are offered through Neighborly Securities, member FINRA, SIPC and registered with the MSRB. Learn more at https://neighborly.com/terms
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