On 2 December 2020, the City of Hampton, Virginia, in partnership with Quantified Ventures, closed on a US$12 million Environmental Impact Bond (EIB) to fund three flood resilience projects. The projects, which are among the first associated with the Newmarket Creek Water Plan and developed as part of the Resilient Hampton initiative, are expected to add more than 8.6 million gallons of storage capacity through the redesign of existing infrastructure and the installation of green infrastructure.
In this Research Note:
- Quantified Ventures closed and planned Environmental Impact Bonds
- Hampton’s alternative approach to recent EIBs
- Stormwater infrastructure investment planning and green infrastructure