Nearly three months after Superstorm Sandy, the RE.invest Initiative will provide up to eight cities with seed funding and technical support to create new Community Investment Vehicles (CIVics) that can leverage hundreds of millions of dollars of private investment in local infrastructure projects.
Today, the Rockefeller Foundation announced its support for a new public-private program that will help cities across the country finance and build resilient and integrated urban storm water infrastructure systems in order to prevent damage during future severe weather events like Superstorm Sandy. The Rockefeller Foundation will provide up to $3 million in seed money for the RE.invest Initiative, which will align philanthropic and public resources to leverage private financing for sustainable urban storm and waste water systems in cities across the United States...