Brown Daily Herald — Rhode Island will allocate $12 million in grants to support climate resiliency projects in 19 communities in the Municipal Resilience Program, according to a Jan. 25 press release from Governor Dan McKee and the Rhode Island Infrastructure Bank.
Funding for these grants comes from the 2022 Green Bond, which “directs $16 million to the MRP to help communities restore and improve vulnerable coastal habitats, river and stream floodplains and infrastructure,” according to a Rhode Island Department of Environmental Management press release.
The MRP and these grants come as municipalities reevaluate the impacts of climate change in their communities.
Rhode Islanders are “realizing the financial consequences of chronic flooding,” said William Fazioli, the executive director of the Rhode Island Infrastructure Bank, who added that the state pays for “not just the cost of recovering (from flooding), but the impact on businesses and housing values.”
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