Exciting news! Last week, in a first of its kind project in Maryland, the City of Baltimore and CBF announced a new strategy for improving neighborhoods while reducing water pollution at the same time.
Specifically, CBF, with the impact advisory firm Quantified Ventures, is helping Baltimore create Environmental Impact Bonds to help pay for more than 90 polluted runoff management projects throughout the city. These projects include specially designed landscaping that helps absorb polluted runoff before the pollution reaches our rivers and creeks.
What's more, the city's repayment of the bonds would be based on the effectiveness of the projects. Just watch this video to learn more about this innovative way of improving communities and reducing pollution through "green infrastructure.”
CBF continues to look for innovative municipalities and water utilities in Pennsylvania, Maryland, and Virginia to partner with on a pro-bono basis in adopting the Environmental Impact Bond model to finance green infrastructure projects. Learn more about how to apply.
Here's to healthier communities and cleaner waters in Baltimore and across the watershed!
P.S. Check out this CBS Baltimore story for more on this exciting new project!
Lee Epstein, CBF's Lands Program Director and Special Counsel
