In a first-of-its kind project in Maryland, Chesapeake Bay Foundation will help the City of Baltimore develop an Environmental Impact Bond to fund green infrastructure projects throughout the city. Individual projects will involve planting trees, plants, and other forms of vegetation to absorb rainwater and associated storm water runoff to divert pollution from streams and waterways that eventually reach the Chesapeake Bay. This grant provided funds for the upfront planning and evaluation costs associated with assembling the Environmental Impact Bond.