Public works and infrastructure development, while designed to enhance the viability and quality of life for cities, have historically fueled inequities, benefiting some residents while neglecting or actively harming low-income and BIPOC communities. Social Justice Bonds provide a concrete pathway to remedy the history of injustice and instead foster equitable development. Just as “green bonds” helped produce better environmental outcomes, social justice bonds would utilize specific principles and criteria to guide investments to measure impacts and serve equitable development.
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