State seeks to fill gap in community development financing – Oregon Business

Oregon’s state Treasury is looking to fund more community-driven infrastructure projects as appetite from investors in such financing grows.


Last week the Treasury sold its first ‘sustainability bonds’ – a $40 million issuance that will finance affordable housing construction throughout Oregon.

The new category of state bonds are tailored for socially responsible investors and are the first bonds that are dedicated to projects that strengthen community and sustainability efforts.

The Treasury department issues bonds to fund a variety of state needs. Oregon State Treasurer Tobias Read said the Treasury is now capitalizing on the investment community’s interest in financing for sustainability projects.

“The market is interested in this,” said Read. “There are a variety of investors that want to focus on the sustainability of communities.”

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Oregon Business