Dealflow | December 7, 2020

City of Hampton issues environmental impact bond

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, December 7 — Environmental impact bonds reward investors for backing green infrastructure projects that achieve positive environmental outcomes (see, “Atlanta raises $14 million environmental impact bond from public”).

The City of Hampton is funding $12 million in nature-based solutions to minimize flooding with Virginia’s first Environmental Impact Bond. 

The bonds will finance more than 8.6 million gallons of storage capacity for stormwater runoff. The Chesapeake Bay Foundation and Quantified Ventures helped develop the projects.