Mitigation Credits

RGL 19-01 Update To Mitigation Banking Credit Release Process

From performance-based to post-construction: How to alter the mitigation banking credit release process   A mitigation bank needs “financial assurances” prior to being approved. These assurances act as collateral, ensuring that the bank will meet performance standards and offsetting the risk of investing money in a bank before credits are sold.  As credits are released and sold, the sponsor gets their financial assurances back in turn. The Corps has recently reiterated language from  RGL 19-01 that a mitigation bank may get

Reedy Creek Mitigation Bank: Federal Credit Release Update

Reedy Creek Mitigation Bank: Federal Credit Release Update 207.45 Palustrine Federal credits are now released and available for sale by the Reedy Creek Mitigation Bank to provide compensatory mitigation for impacts to waters of the United States. This is the fourth credit release the Corps has approved for RCMB and first release for Phase III. To date, including this action, the Corps has released a total of 1006.48 Palustrine federal mitigation credits to RCMB. For more information on Reedy Creek Mitigation

Purchasing Mitigation Credits

Purchasing Mitigation Credits Depending on which watershed your property is located in will determine which mitigation bank you can purchase credits from. Mitigation Banks are priced differently depending on which watershed you are located in. Pricing ranges from $100,000.00/UMAM Credit to $500,000.00/UMAM Credit. If Mitigation Credits are $200,000.00/UMAM, you can estimate $60,000.00- $160,000.00/acre of direct impact (pricing depends on the quality of the wetland impact). The better quality the wetland, the more mitigation credits that need to be purchased. To find out the