Financing the Future Strategies
Following the conclusion of the Bay Area Challenge, Resilient by Design continues to seek funding for the nine projects.
View slides that explain further here.
Following the conclusion of the Bay Area Challenge, Resilient by Design continues to seek funding for the nine projects.
View slides that explain further here.
The US Army Corps of Engineers Fact Sheet outlines projects that are eligible for the Continuing Authorities Program.
This program is a collection of water resource project authorities under which the U.S. Army Corps of Engineers (USACE) can plan, design, and implement certain types of water resources projects without additional project-specific congressional authorization. The program is intended for relatively straightforward projects, and it is not intended to address large, complex, or controversial water resource challenges. Because CAP projects do not require congressional approval, they are typically quicker to complete than larger USACE projects.
There are a variety of models for capturing economic growth of communities and regions for investment in community facilities.
One such model is the Enhanced Infrastructure Financing District that allows local agencies in a geographic area to capture the growth in the economy by using a share of the property tax along with other financing tools to meet a common objective. In this case, dealing with sea level rise meets the test of a common objective. The enabling statute includes the following as one of its purposes: “Projects that enable communities to adapt to the impacts of climate change, extreme weather events, sea level rise, flooding… “
The SF Bay Restoration Authority is a regional agency created to fund shoreline projects that will protect, restore, and enhance San Francisco Bay through the allocation of funds raised by the Measure AA parcel tax.
Measure AA, or the San Francisco Bay Clean Water, Pollution Prevention and Habitat Restoration Measure, was a revenue generating measure placed on the June 2016 ballots of the nine-county San Francisco Bay Area by the Restoration Authority. The measure proposed a 20-year, $12 parcel tax to raise approximately $25 million annually, or $500 million over twenty years, to fund restoration projects in the Bay.
The Factsheet and Grants map show funding Opportunities for SF Bay Area ecosystem restoration and climate adaptation.