Accelerating Lead Remediation Through Private Financing Strategies: Executive Summary

Lead risk endangers a large number of properties and families nationwide: Over 24 million homes have significant paint hazards—3.6M of which house young children—and an estimated 10 million have lead service lines.

 

The JPB Foundation engaged Next Street to carry out a research program in late 2018 with a goal of accelerating the scale and pace of investment in lead remediation, leading to a meaningful reduction in the health, learning, and life impacts of lead exposure in our most vulnerable communities.

 

The research was designed to complement other work in the sector and to focus on opportunities to utilize philanthropic capital without the need for major legal or regulatory change. The scope of work included:

 

• Researching the public and private financing mechanisms, channels, and structures that can be utilized – whether they are used for lead remediation today or not

• Identifying the audience segments, partners, and financial intermediaries for, with or through whom the financing can flow

• Identifying supporting strategies for infrastructure, field-building and advocacy that can also be pursued in parallel – and could enhance the pace and impact of financing strategies