Greetings Civic Leader,First, thank you for your commitment to public service. We understand that leading and managing a municipal government can be challenging, especially in times of political and economic uncertainty. Financing the projects your community wants and needs should be simple and transparent.
JaseInvitation to Apply to the Neighborly Bonds Challenge
Ever wonder how San Francisco paid for an enormous and awe-inspiring project like the Golden Gate Bridge? Or how your city funds infrastructure such as parks and schools that you rely on? These projects are made possible by issuing municipal bonds. Public agencies borrow money from investors and later pay it back with interest while using the proceeds to pay for public works projects.
JaseNeighborly Bonds Challenge – The Future of Public Finance
At Neighborly, we often hear objections to our core premise -- to invest directly in the places and civic projects you care about -- from individuals who identify as financially savvy.
We often hear "don't buy bonds, invest in a bond fund.” We hear this advice from supposedly sophisticated investors all the time. You may likely have investments in funds already, and so the thought of more of the same probably sounds just fine.
Jase4 Reasons to Invest in Bonds Directly vs. Municipal Bond Funds
Today we're thrilled to announce that Neighborly raised a $5.5 million seed round. The investment was led by Joe Lonsdale at Formation 8, matched by Ashton Kutcher at Sound Ventures, with participation from an all-star cast¹.
Neighborly is rewiring the way communities fund the public projects that citizens want and need. By allowing citizens to invest in the schools, parks and infrastructure that matter most to them, Neighborly strengthens the social and financial fabric of our nation’s places and rebuilds our nation as the land of opportunity. Replacing extractive finance with regenerative finance also unlocks a new era of civic innovation, one characterized by the rapid delivery of public projects that communities want, rather than the projects banks profit from the most.