Future Directions in U.S. Municipal Infrastructure Finance

Innovations in Infrastructure Financing

Recognizing the significant infrastructure investment shortfall facing U.S. cities and acknowledging that traditional financing methods are not sufficient to meet these needs, the Lincoln Institute of Land Policy and NewCities Foundation have partnered to develop new research, led by Dr. Julie Kim of the Stanford University Global Projects Center and Associate Fellow at NewCities, that examines the applicability of a land-based finance instrument that has transformed infrastructure financing in Brazil—CEPAC bonds (Certificates for Potential Additional Construction)—to the U.S. market.

This year-long research initiative will culminate on June 5th, when we will convene a group of municipal decision-makers and industry leaders from across the country to discuss the infrastructure investment gap, introduce the CEPAC bond as a land-based finance tool, learn from those who have successfully issued CEPAC bonds in Brazil, and provide insights on how this instrument can be rolled out in cities across the United States.

Speakers included experts from Wells Fargo Securities, Massachusetts Bay Transportation Authority, Arup, Stanford University, Nixon Peabody LLP, and the Getulio Vargas Foundation in Sao Paulo, Brazil.

For more information, please contact Michael Woodbridge, Manager of Research Programs, NewCities at michael.woodbridge@newcities.org.

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Featured photo by Peter Nguyen on Unsplash.


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