• NOAA Office of Coastal Management, via Waggonner & Ball

    • Case Study

    Resiliency Officer Helps Design An Environmental Impact Bond To Finance Community Resilience Projects

    Hampton's Resiliency Officer led the development of Virginia's first ever Environmental Impact Bond to help finance community resilience projects. The bond enables impact investors to support innovative projects that provide resilience outcomes for a community. The bond was designed to finance projects that will reduce stormwater runoff and provide multiple layered public benefits to the community.

    Year
    2022

    Details

    Hazards
    Flooding – Coastal
    Flooding – Rainfall-induced
    Assets
    Critical Facilities
    Cultural and Community Services
    Property
    Transportation and Mobility
    Urban Landscape and Tree Canopy
    Sources
    Chesapeake Bay Foundation
    Read the Full Case Study

    Organizations

    Chesapeake Bay Foundation

    Relevant Options

    Plan to relocate critical facilities in high-risk areas using a frame in line with their expansion or refurbishment cycles. Beyond strengthening existing systems, increase system redundancy to protect critical infrastructure from power outages. In case of power outages, ensure emergency personnel have access to and protocols for CB and ham radio usage. Ham radios require an informal network of operators. These communications can help emergency

    Steps to Resilience

    Get Started
    Understand Exposure
    Assess Vulnerability & Risk
    Investigate Options
    Prioritize & Plan
    Take Action
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