The article considers the possibility of using additional sources of financing in the construction and operation of social infrastructure facilities. We are talking about the use of social bonds. The idea belongs to the International Capital Markets Association (ICMA), where the issue of social bonds is designed to solve specific problems of society, ensuring the saving of public fundsThe issue and circulation of social bonds must comply with a number of principles: the mandatory use of funds from the placement of these bonds for the development of the company, special criteria for the selection of projects of social impact and assessment of social effect, requirements for disclosure of information and its transparency. At the same time, it is necessary that investment projects are aimed at achieving positive social results that can be quantified. An attempt was made to develop measures to combine the instrument of social bonds and the principles of investment crowdfunding for the accumulation of funds by municipalities. The theoretical and methodological basis of the study was the work of domestic and foreign scientists in the field of analyzing government debt obligations to expand investment in infrastructure facilities at the regional and local levels, as well as research on the use of crowdfunding in the implementation of non-capital-intensive investment projects. The information base of the study was compiled by analytical reviews of the National Center for Public-Private Partnership, data from domestic statistics, analytical reviews of the Bank of Russia.