Since the beginning, we at the American Flood Coalition have repeatedly been asked one question by our municipal membership: How do we pay for resilience? In this current economic climate, we know that city and county budgets are stretched in entirely new and challenging ways, making it essential for municipalities to be fully aware of their funding and financing options to keep resilience goals on track.
As the next installment in our pilot offerings following last summer’s competitive vulnerability assessment pilot with Atkins’ City Simulator Tool, we’re partnering with DebtBook to provide our municipal members free access to their debt management tool. You can work with their team of experts to determine your community’s debt obligations and to find opportunities for new financing to support your resilience projects.
What is DebtBook?
- DebtBook is a cloud-based debt management tool used by governments and nonprofits of all types and sizes. Their team of government finance experts will organize your bond and loan documents, load your data into their platform, and train your team within 30 days.
- Use the tool to simplify budget and audit reporting, improve transparency, collaboration, and succession planning, and give your team more time to focus on higher-value work when it’s needed most.
How does the pilot work?
- We’ve partnered with DebtBook to offer 12 months of free access through the end of 2021 to any municipality within our Coalition membership.
- After 12 months of free access, it’s entirely up to you if you want to continue to use the platform. If you choose to continue, you can pay annually or roll the cost into your next financing.
- There is no application! Simply send us an email to let us know you’re interested and we can set up a call to answer any questions you may have.
How does AFC fit in?
- We’ve decided that understanding your options for financing resilience is so important that we’ve funded a master DebtBook account to provide the platform for free to our membership. We don’t receive any kind of referral fee or financial benefit from the partnership – just the satisfaction of helping our members!
- While DebtBook’s team will be your main points of contact for using the tool and understanding it, we will be here should you have any questions about best practices for financing resilience projects. If there’s interest, we may build out informational guides to answer some of the questions you pose, so please let us know what questions around resilience funding and financing come up.
We hope you’re as excited about this opportunity as we are. We’re available to answer any questions you may have – just send us an email!
