Leading-Edge Stormwater Financing Webinars
EPA’s Water Infrastructure and Resiliency Finance Center is hosting a stormwater finance webinar series in collaboration with the Water Environment Federation.
Communities across the county are struggling to identify a financing strategy to support their stormwater management programs. This webinar series will explore both traditional stormwater financing strategies as well as new and innovative approaches.
Each webinar will provide a deep-dive, technical overview of specific successful and leading-edge examples of how communities have supported their stormwater programs.
Audience: Municipal administrators, planners, public works officials, community leaders, technical assistance providers, and regional funders.
DC Water’s Environmental Impact Bond (EIB)
This webinar will provide an in-depth overview of the first ever Environmental Impact Bond (EIB). This new “Pay for Success” financing structure was developed by DC Water to privately fund the construction of green infrastructure to manage stormwater runoff as part of DC Water’s Clean Rivers Project. The EIB is structured to limit financial risk to DC Water if the performance of the green infrastructure is less than anticipated and financially reward investors if the performance exceeds expectations.
Washington DC’s Stormwater Retention Credit Program
This webinar will provide a deep dive into DC’s Department of Energy and Environment Stormwater Retention Credit (SRC) Program. The SRC program, established on July 19, 2013, is the first of its kind in the nation. The program creates a market for voluntary stormwater retrofits in Washington DC. The program allows regulated sites to meet their obligations by buying SRCs from unregulated properties elsewhere in the city. Other District properties generate SRCs by exceeding their own regulatory requirements or voluntarily installing retention infrastructure such as green roofs and rain gardens. The SRC market provides flexible and cost-effective compliance options for the regulated community as well as financial incentives to voluntarily increase stormwater retention in the District.
Additional Topics to Be Announced—Stay Tuned!