Funding a Greener Future
Working with cities to expand the horizons of sustainable innovation with Environmental Impact Bonds.
Building the future of sustainability.
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.
The application deadline for the EIB Challenge has now passed. However, cities, municipalities and agencies that are interested in using innovative financing techniques to pilot resilience projects are encouraged to email firstname.lastname@example.org.
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.
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.
Early Spring 2018
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.
Late Spring 2018
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.
In Summer 2017, Neighborly and Quantified Ventures hosted a webinar on the EIB Challenge. View the webinar above.
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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