Atlanta, Georgia Environmental Impact Bond for Green Infrastructure

The City of Atlanta, Georgia Department of Watershed Management is issuing an environmental impact bond (EIB), which will finance green infrastructure to address water quality, reduce flooding and improve stormwater management in Atlanta’s Proctor Creek Watershed neighborhoods.  The $14 million EIB – the first to be offered on public markets – was the result of a partnership between the City of Atlanta, Quantified Ventures, the Rockefeller Foundation, and broker-dealer Neighborly. Supporting the expansion of EIBs into public markets, the Rockefeller Foundation will cover the costs of structuring a public bond with a grant to Atlanta – chosen from applicants of its 100 Resilient Cities network.