Two Cities Will Get Chance to Raise Money for Green Infrastructure
Last fall, the DC Water and Sewer Authority issued an Environmental Impact Bond or EIB. Investors put up $25 million to construct green infrastructure designed to mimic natural processes. Two more cities will soon issue EIBs for infrastructure projects. Which two cities exactly will be determined in a competition announced by Neighborly, a company with a platform that makes it easy for the public to invest directly in municipal bonds.