Many financial tools are available to redevelopers of former industrial and commercial sites, commonly known as “brownfields.” Because the money is often tied to federal, state, or local government programs, time is usually a factor in such transactions. This Article explores
the various financial mechanisms available to brownfield redevelopers, including government funding sources, insurance claims, and cost recovery from parties who are found responsible for the contamination.
Environmental Protection Agency’s (EPA) Brownfields Program provides direct funding, in the form of competitive grants, for brownfields assessments and cleanup, for the capitalization of revolving loan funds, and to support environmental job training programs. Eligible entities for brownfields grants include states, tribes, local governments, regional governments, and quasi-governmental entities.
This EPA report offers information on various funding sources, their terms and conditions. Combining various funding sources can pose challenges. Case studies highlight the examples of diferent funding sources used for different redevelopment projects.
This Brownfields Solutions Series fact sheet is intended to provide an overview to those interested in applying for an RLF grant, and information to new RLF grantees on how to establish an RLF program.
This EPA guide explores how communities can prepare to successfully leverage funding and other resources for brownfields revitalization.
This EPA factsheet outlines how communiites can use EPA’s Clean Water State Revolving Fund (CWSRF) as a powerful financial instrument to address the water quality aspects of brownfield site assessment and cleanup. A brownfield is a property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. It is esimated that there are more than 450,000 brownfields in the United States.
The purpose of this Urban Revitalization & Impact Investing White Paper is to document the potential of a collaboration between impact investors and high performing Development Finance Agencies (DFAs) to fill the capital gaps facing cities and neighborhoods working to support urban revitalization and to accelerate DFAs as a major source of capital to grow, create jobs and spur economic and community development.
The purpose of this Small Business Development & Impact Investing White Paper is to document the potential of a collaboration between Impact Investors and high performing Development Finance Agencies (DFAs) to fill the capital gaps facing small businesses and to accelerate DFAs as a major source of capital to enable small businesses to grow, create jobs and spur economic and community development.
The 2017 Brownfields Federal Programs Guide is a compendium of the financial and technical assistance resources available from federal agencies for brownfields and land revitalization projects. It also includes information about assistance available through federal tax incentives and encourages communities to explore state tax credits, loans, loan guarantees, and other incentives. This 2017 Brownfields Federal Programs Guide updates the 2015 edition. There are a few significant changes to programs listed in the previous version of the guide, and a few programs are added or eliminated.