Press release: Citi Foundation And Living Cities Announce Findings From City Accelerator Infrastructure Finance Initiative In Four Major American Cities
Today, Living Cities and the Citi Foundation released “Resilience, Equity and Innovation,” a new guide for cities looking to deliver on critical infrastructure projects. Built on the experiences of four major American cities, the guide shares best practices to build comprehensive and resilient financial strategies that rely on diverse revenue sources, make use of flexible and innovative financing and transfer key long-term risks to the private sector.
“Officials at all levels of government face very real obstacles to taking on the challenges that have the greatest impact on residents’ health, social and economic futures,” said President and CEO of Living Cities Ben Hecht. “This report highlights real-world solutions and new ways of thinking about capital that can be employed by cities across the country. These four cities are leading the way to create stronger, more equitable communities.”
Over the course of the 18-month initiative, cross-disciplinary teams from the four cities applied learnings about innovative revenue sources, creative financial tools and supportable funding models to advance a set of innovative projects.
Photo courtesy of Jason Mrachina.