Buffalo, NY has put green infrastructure at the forefront of its planning. They're using a new approach to funding high-impact projects that will improve the city's capacity to deal with stormwater. They're issuing Environmental Impact Bonds (EIBs), which help pay for projects based in part on their effects on environmental, social, and economic outcomes.
At $30 million, it's the largest EIB in the country. Buffalo is also the first city in the U.S. to use an EIB to provide incentives for green infrastructure on private properties. It's a step toward reducing the effects of development and creating a more resilient city. With more projects going green, we can't wait to see more plants in Buffalo.