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Massachusetts Green Bonds
2014
In 2014, the state of Massachusetts issued $350 million in “green bonds” to fund water infrastructure projects, including stream bed restoration, open-space protection, and stormwater management. The difference between green and traditional bonds, is that the the proceeds form the sale of green bonds are used for projects that are beneficial to the environment. Investors who buy green bonds are paid interest and principal from the same revenues as other municipal bonds.
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Maryland Community Resiliency Grants / CoastSmart Communities Grants
Maryland uses its Coastal Zone Management grant funding from NOAA to help local governments plan for an implement projects to adapt to the impacts of climate change. Historically, Maryland Department of Natural Resources allocated funds only to coastal communities because the grants were funded through NOAA's Office of Ocean and Coastal Resource Management. However, in the 2016 and 2017 grant years, DNR combined NOAA funds with funding from the Environmental Protection Agency to also make grants to green infrastructure projects to address stormwater flooding outside of the coastal zone.
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New York State Bridge Scour Program
January 2014
New York has announced a program to upgrade 105 critical bridges across the state by repairing existing scour damage and increasing resilience to future damage from floods and extreme weather events. The Bridge Scour Program will ensure that the essential transportation infrastructure remains safe and provides access for emergency responders during the severe weather events that have become more common in New York and may further increase in frequency and severity under future climate conditions.
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Reimagining New York for a New Reality - Transportation Investments
January 7, 2014
In January 2014 during the State of the State address, New York’s Governor Cuomo announced a plan to invest $17 billion to rebuild New York’s infrastructure, including transportation systems, more resiliently in light of increasingly frequent extreme weather events. The comprehensive rebuilding program includes major reconstruction of the transit system, renovations to many old bridges, a new extensive weather detection system, and creation of a fuel reserve and backup power for gas stations along critical routes.
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HUD National Disaster Resilience Competition
June 14, 2014
One-time funding opportunity (this competition closed in January 2016 when thirteen winning proposals were selected)
In a one-time funding announcement, the U.S. Department of Housing and Urban Development (HUD) allocated $1 billion in federal disaster recovery dollars through the National Disaster Resilience Competition (NDRC). The competition was announced on June 14, 2014 and the winners were announced in January 2016. This resource is a good example of how a grant program can be used to spur innovative resilience projects, it also demonstrates a model for reforming procedures for conducting benefit-cost analyses to account for the social and environmental benefits of resilience projects.
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Microsoft Climate Data Initiative
July 2014
In response to President Obama’s Climate Action Plan, Microsoft offers the Climate Data Initiative (CDI) Award program. This program supports the CDI’s goals of preparedness for and resilience to climate change impacts.The Microsoft Azure for Research program granted 12 months of free cloud computing resources to 20 awardees selected. Each award provides up to 180,000 hours of cloud computing time and 20 terabytes of cloud storage to be used for the project.
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New Jersey Energy Resilience Bank Grant and Loan Financing Program Guide
October 14, 2014
Created using $200 million of Community Development Block Grant – Disaster Recovery funds from the Department of Housing and Urban Development (HUD), the New Jersey Energy Resilience Bank (ERB) provides funding for new or retrofitted distributed energy resources (DER) technologies that allow facilities to continue to operate at critical load in the event of losing power because of extreme weather. This holistic approach to enhancing energy infrastructure resiliency in New Jersey was established following Superstorm Sandy.
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HUD Choice Neighborhoods Planning and Implementation Grants
November 6, 2014
The U. S. Dept. of Housing and Urban Development (HUD) issues both planning and implementation grants through the Choice Neighborhoods program. Planning grants can be used to develop comprehensive neighborhood transformation plans to identify strategies for revitalizing housing, coordinating and delivering support services, providing educational opportunities, and improving neighborhood assets. Implementation grants support those communities that have undergone a comprehensive local planning process and are ready to implement their Transformation Plan to redevelop the neighborhood.
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Climate Action Champions
December 2014
The Climate Action Champions (CAC) Initiative was launched by the White House in 2014 as a national competition to identify local and tribal community organizations pursuing climate change preparedness and resilience activities. The Initiative provides targeted Federal support to help those communities further their mitigation and adaptation goals.
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Getting to Green: Paying for Green Infrastructure Financing Options and Resources for Local Decision-Makers
December 2014
This EPA report provides local governments with information on available financing and funding sources for stormwater management projects and examples of those funding sources put to use. The appendix of the report includes a case study analyzing Providence, Rhode Island’s stormwater management capabilities and providing recommendations.
Resource Category: Funding
