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Financing Climate Resilience: Mobilizing Resources and Incentives to Protect Boston from Climate Risks

April 2018

Financing Climate Resilience was developed by the University of Massachusetts Sustainable Solutions Lab to help the City of Boston identify proactive strategies for financing investments in flood protection and other climate-related risks. The report details the scale of the climate resilience investments needed to reduce climate risks in Boston, estimating that between $1 and $2. 4 billion in investment will be needed in the medium-term to protect the City from climate change impacts. The report examines a range of financing mechanisms that the City could use including bonds, taxes, resilience fees (e.

Authors or Affiliated Users: David Levy, Rebecca Herst

Resource Category: Funding

 

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EPA Great Lakes Restoration Initiative: Shoreline Cities Green Infrastructure Grants

June 5, 2015

In June 2015, the U.S. Environmental Protection Agency (EPA) announced Great Lakes Restoration Initiative (GLRI) Shoreline Cities grants totaling more than more than $1.8 million to fund green infrastructure projects to improve water quality in 11 cities across the Great Lakes Basin.  

Resource Category: Funding

 

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Centers for Disease Control and Prevention (CDC) Climate Ready States and Cities Initiative

December 2, 2010

Through the Climate Ready States and Cities Initiative, CDC supports health departments in the assessment of climate impacts on public health, and in the development of adaptation plans and programs. Funding from this Initiative has supported the following states and cities: 

Resource Category: Funding

 

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U.S. DOI Hurricane Sandy Coastal Resiliency Competitive Grant Program

2013

The U.S. Department of the Interior's Hurricane Sandy Coastal Resiliency Competitive Grant Program is supporting projects that reduce communities’ vulnerability to the growing risks from coastal storms, sea level rise, flooding, erosion and associated threats through strengthening natural ecosystems that also benefit fish and wildlife. The program is funded by the 2013 Hurricane Disaster Relief Appropriations Act.

Resource Category: Funding

 

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National Fish and Wildlife Foundation: National Coastal Resilience Fund 2022 Request for Proposals

March 21, 2022

On March 21, 2022, the National Fish and Wildlife Foundation (NFWF) announced the 2022 National Coastal Resilience Fund (NCRF) Request for Proposals (RFP). The NFWF will provide approximately $140 million in grants to protect communities from current and future coastal threats and improve habitats for fish and wildlife species. Natural habitats, such as coastal wetlands, marshes, and dunes can protect communities from the impacts of sea-level rise, new flood patterns, and more frequent and intense storms. As such, NFWF seeks to fund projects that use natural resource restoration to enhance coastal resilience and wildlife habitats. 

Eligible applicants include nonprofit organizations, governmental agencies, educational institutions, and commercial organizations. Pre-proposals are due Thursday, April 21, 2022, by 11:59 P.M. ET and final proposals are due Thursday, June 30, 2022, by 11:59 P.M. ET. The NCRF is a public-private partnership between NFWF, the National Oceanic and Atmospheric Administration (NOAA), Occidental, Shell USA, Inc., TransRE, the U.S. Department of Defense, and the Bezos Earth Fund. 

 

Resource Category: Funding

 

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American Flood Coalition - Flood Funding Finder Tool

September 2020

Launched by the American Flood Coalition, the Flood Funding Finder (FFF) helps small communities identify federal programs that fund flood resilience efforts including flood mitigation and risk reduction projects, planning efforts, and more. To create the FFF, the Coalition analyzed hundreds of funding programs across 26 federal agencies to identify the programs most likely to assist small community efforts related to flooding and sea-level rise. 

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Catalyst Miami Disaster Matched Savings Account

The Catalyst Miami Disaster Matched Savings Account was established as a resource for low- and moderate-income individuals within Miami, Florida neighborhoods to help families build financial stability, and better withstand disaster events. The program helps households build assets and savings through the use of financial coaching, credit coaching, and lending circles. The program encourages savings behavior and offers a 1-to-1 match as an incentive. In addition, Catalyst Miami distributes disaster preparedness kits to those who partake in the Program by saving the full amount of the cost of the kit. It also provides important information about hurricane season, along with emergency preparedness resources available from local government and community partners both before and after storms. By supplying communities with these disaster preparedness kits, as well as with teaching participants how to bank and save responsibly, Catalyst Miami helps low-income, underserved communities better withstand the shocks – economic and otherwise – often associated with disaster events. 

Resource Category: Funding

 

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Chicago, Illinois Central Loop Tax Increment Financing

2020

Chicago, Illinois has established more than 120 Tax Increment Financing (TIF) districts, and has leveraged its public investment to attract $6 billion in private capital investments in these districts. Revenue from Chicago’s Central Loop TIF has been used to fund the city’s Green Roof Improvement Fund, which incentivizes and provides partial reimbursement to commercial buildings that install green roofs to manage stormwater. Chicago’s TIFs currently fund a small array of adaptive and climate-related projects, such as green alleys and wastewater infrastructure, but all TIF-funded projects must meet sustainability standards. In February 2020, Chicago’s Mayor announced a series of reforms to promote transparency in the TIF system, including the creation of a supervisory TIF Investment Committee whose explicit goal is to center equity in its decision making.

Resource Category: Funding

 

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Federal Resources for Nature-Based Solutions to Climate Change

February 2020

In February 2020, the Environmental and Energy Study Initiative released the Federal Resources for Nature-Based Solutions to Climate Change fact sheet, which outlines programs that support nature-based solutions to increase human, ecosystem, and infrastructure resilience to the impacts of climate change. The fact sheet surveys a list of 13 different federal funding and technical assistance programs available to aid in implementing nature-based projects, including those that support: green infrastructure; natural infrastructure; urban focus; habitat restoration; flood prevention; water quality; pollution abatement; and disaster mitigation.

Authors or Affiliated Users: Savannah Bertrand, Katie Schneer

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Texas Flood Infrastructure Fund

November 2019

In 2019, the State of Texas established the Texas Flood Infrastructure Fund (TFIF), which provides financial support to communities for drainage, flood mitigation, and flood control projects. Administered by the Texas Water Development Board (TWDB), the TFIF fund provides financial assistance to political subdivisions (cities, counties, or state-established districts or authorities) in the form of grants and zero-interest loans. The funding can be used to support planning, design, construction, and rehabilitation of flood projects, whether structural or non-structural (including nature-based).

Resource Category: Funding

 

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