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Brownfields Financing Update
March 3, 2015
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Brownfields Financing Update

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CDFA Announces Brownfields Project Marketplace
The CDFA Brownfields Project Marketplace provides communities the opportunity to receive special assistance with brownfields redevelopment projects. Communities will detail important information on a site and engage in open discussion with financial and brownfields experts. The purpose of these discussions is to provide initial suggestions for the communities' redevelopment plans and financing sources.

Cleveland Group Starting RLF for Opportunity Corridor Cleanup
According to Crain's Cleveland, a group of civic organizations is working on a revolving loan fund of as much as $20 million that could be used by neighborhood organizations to redevelop vacant and abandoned property along the Opportunity Corridor.

Obama Proposes Higher Funding for Brownfields
Higher funding levels for brownfield redevelopment were announced in President Obama's Fiscal Year 2015 budget proposal. According to Smart Growth America, the budget allocates $8.6 billion for the U.S. EPA, which includes $189 million for the Brownfields program.

Oregon Brownfields Bill Could Help Get Sites Cleaned Up, Developed
According to Oregon Metro, House Bill 2734 would enable communities to establish limited liability organizations, or "land banks", and offer limited property tax cuts to property owners to address the remediation of brownfields.

Stratford, NY Gets Aggressive with Brownfields
Stratford Redevelopment Agency has been able to secure eight grants totaling $5,659,000 to redevelop brownfield sites in Stratford, NY, according to Westfair Communication.

Brownfields Development Among DEC's Top Priorities for 2015
According to The Legislative Gazette, during a budget hearing, the commissioner of the DEC, Joseph Martens, discussed the changes planned by Governor Cuomo to the state's Brownfields Cleanup Program.

Upcoming Events
Intro Food Systems Finance WebCourse
CDFA Brownfields Technical Assistance Program


The CDFA Brownfields Technical Assistance Program is funded by a grant from the U.S. EPA to provide assistance to communities throughout the country that are looking to finance the redevelopment of brownfield sites.

CDFA — EPA Brownfields Financing Webinar Series: Financing Tools for Transformation
As part of the CDFA Brownfields Technical Assistance Program, this debut webinar highlights communities that have successfully employed the development finance toolbox to transform former brownfield sites into economic assets. Learn how tools such as tax increment finance, loan funds and tax credits can bring your brownfield redevelopment projects to life.

Brownfields Financing Headlines

Learn About Brownfield Clean Up in Beaverton, OR
The Oregonian | Mar. 2 | Brownfield Financing

Cedar Springs Brewery Project Gets $285K in State Incentives
Mlive | Feb. 27 | Access to Capital | Brownfield Financing | State Finance Program | Tax Increment Finance (TIF)

East Lansing to Review Park District Developer Finances
Lansing State Journal | Feb. 25 | Access to Capital | Brownfield Financing | State Finance Program | Tax Credits

iFOS Awarded EPA Grant Monitoring and Technical Assistance 5-Year Contract
PR Newswire | Feb. 24 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Port Huron Council OKs New Water Street Marina Plan
The Times Herald | Feb. 24 | Access to Capital | Brownfield Financing

Developer Gets Go-Ahead with TIF Funds for $56M Project
Dallas Business Journal | Feb. 21 | Access to Capital | Brownfield Financing | Tax Increment Finance (TIF)

Consultant Sought to Engage Buffalo Residents in Brownfields Project Planning
The Buffalo News | Feb. 20 | Access to Capital | Brownfield Financing | Community Development

Krog Still Awaiting OK For Trico Reuse Plan
The Buffalo News | Feb. 19 | Access to Capital | Brownfield Financing | Redevelopment | Tax Credits

Beaverton Sets Two March Events to Address New 'Brownfields' Program
Beaverton Valley Times | Feb. 18 | Access to Capital | Brownfield Financing

Brownfield Plan Sought for Randolph Street in Traverse City, MI
The Ticker | Feb. 17 | Access to Capital | Brownfield Financing | Economic Development

County Committee to Consider Brownfield Sites in PA
Observer Reporter | Feb. 12 | Access to Capital | Brownfield Financing | Economic Development | U.S. Environmental Protection Agency (EPA)

Largest Building Coming Down at Former Norwich Hospital Site
The Bulletin | Feb. 9 | Access to Capital | Bond Finance | Brownfield Financing | Economic Development | Local Finance Program | Rural Development | State Finance Program

Developer Garners Tax Break for Demolishing Old Houses
American Planning Association | Feb. 5 | Access to Capital | Brownfield Financing | Tax Increment Finance (TIF)

New Discussion of Brownfield Plan for Ypsilanti's Water Street
MLive | Feb. 5 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment

Brownfields 2015 Blog Launched - Be a Contributor!
ICMA | Feb. 5 | Brownfield Financing

Cleanup Grants Available Through KY Cleaner Commonwealth Fund
SurfKY News | Feb. 4 | Access to Capital | Brownfield Financing | State Finance Program

$438 Million Headed for Contaminated Site Cleanups in NJ
U.S. EPA | Feb. 4 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Enfield Receives $200K State Grant to Redevelop Old Theater
Enfield Patch | Feb. 3 | Access to Capital | Brownfield Financing | Economic Development | State Finance Program


Highlights from the Online Resource Database

CDFA Brownfields Financing Toolkit
Brownfield Financing | Community Development | Local Finance Program | Recommended Practices | Redevelopment | Revolving Loan Funds (RLFs) | Rural Development | State Finance Program | Tax Credits | Tax Increment Finance (TIF) | U.S. Environmental Protection Agency (EPA)
The CDFA Brownfields Financing Toolkit provides communities with an easy-to-use, best practices resource on brownfields redevelopment. The toolkit brings together the best financing concepts and techniques to provide a comprehensive response to capital and resource needs.

Brownfields Case Study - Indianapolis Trail
Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)
This study from Partnership for Sustainable Communities highlights the Indianapolis Cultural Trails and the successful efforts to increase brownfield redevelopment along the trail and encompassing neighborhoods. The city utilized an EPA assessment grant to inventory abandoned industrial site and perform human health risk assessment.


The Council of Development Finance Agencies (CDFA) is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information, visit www.CDFA.net or email info@cdfa.net.

Disclaimer: This publication was developed under Assistance Agreement No. TR-83576801-0 awarded by the U.S. Environmental Protection Agency. It has not been formally reviewed by EPA. The views expressed in this document are solely those of Council of Development Finance Agencies and EPA does not endorse any products or commercial services mentioned in this publication. 


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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