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Brownfields Financing Update
July 7, 2015
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Brownfields Financing Update

Features

CDFA Brownfields Financing Webinar Series: New Investments with New Market Tax Credits
August 13, 2:00 – 3:30pm (EDT)
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss the recent allocation of $3.5 billion in New Markets Tax Credit awards by the U.S. Treasury Department's CDFI fund and the significant potential this tool has to support the financing of brownfields cleanup and redevelopment.

Brownfields Cleanup Revolving Loan Fund Update
This article from the Catawba Regional Council of Governments examines the South Carolina Department of Health and Environmental Control's Revolving Loan Fund and its positive impact on communities and projects that are utilizing the financing tool.

New Application Process Takes Effect for New York Brownfield Cleanup Program
The Environmental Law Portal reports that the New York State Brownfield Cleanup Program (BCP) reforms became effective July 1. The program's revised application implements new eligibility criteria to determine whether a property can receive tax credits to remediate or redevelop the property.

Brownfield Bill Could Put Oregon Cities in the Land Bank Biz
New legislation is creating a way for local governments to create land banks to cleanup contaminated sites in Oregon. According to the Portland Business Journal, only 35 percent of sites in Oregon have been assessed for cleanup.

Senators Push Bill Updating Brownfields Program
According to The Hill, a bill to reauthorize the federal brownfields program has been introduced by senators on the Environment and Public Works committee. The program provides funding to cleanup former industrial sites where the land is too polluted for redevelopment.

Upcoming Events
CDFA Summer School
CDFA Brownfields Technical Assistance Program

Enroll Now! CDFA Brownfields Project Marketplace
July 27-30, Daily: 1-5pm (EDT)
CDFA is excited to offer the Brownfields Project Marketplace as an opportunity for communities to receive free technical assistance related to the redevelopment and financing of brownfield projects. Join us online to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.

Brownfields Financing Headlines

Officials See Intensity in Bridgeport Waterfront Brownfield
Connecticut News | Jul. 6 | Brownfield Financing | Public-Private Partnership (P3) Financing | State Finance Program

Pasco to Cleanup Polluted Sites; $600K Will Help Fund Project
The Tampa Tribune | Jul. 6 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

$400K EPA Grant to Help City of Muskegon Address Pollution Concerns
Mlive | Jul. 6 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Hennepin County Considering $38M Package to Reduce SWLRT Funding Gap
Hennepin County | Jul. 6 | Access to Capital | Brownfield Financing | Local Finance Program

$500K Federal Grant to Pay for Brownfield Evaluation
TRIB Live | Jul. 2 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

EPA Gives Pelzer Heritage Center $400K in Brownfields Grants
EP Newswire | Jul. 2 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Taunton Awarded $200K EPA Brownfield Cleanup Grant
Taunton Daily Gazette | Jul. 1 | Access to Capital | Brownfield Financing

Brownfield Sites Get $3.5M for Cleanup from Met Council
Finance & Commerce | Jun. 29 | Access to Capital | Brownfield Financing

$500K Grant for Redevelopment Along US 41 in Palmetto
Bradenton Herald | Jun. 29 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Brownfield Sites Get $3.5M for Cleanup From Met Council
Finance & Commerce | Jun. 29 | Access to Capital | Brownfield Financing | Economic Development

NW IN RDA Board Approves $13.5M in Grants, Loans
Times | Jun. 19 | Brownfield Financing | Economic Development | Infrastructure Finance | Local Finance Program

$7.5M in Environmental Cleanup Approved for Downtown
The Ticker | Jun. 11 | Access to Capital | Brownfield Financing

NY Proposes New Regulations for Brownfield Cleanups
NY DEC | Jun. 9 | Access to Capital | Brownfield Financing | Legislative | State Finance Program

Old Lexington Courthouse to Get EPA Cleanup Grant
Lex18.com | Jun. 8 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

EPA Awards $1M in Brownfield Grants to Kentucky Communities
Kentucky Headline News | Jun. 8 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Portman Announces Brownfields Federal Grant for Perry County
Rob Portman | Jun. 3 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

CDFA Announces Brownfields Project Response Team Recipient
CDFA | Jun. 2 | Brownfield Financing


Highlights from the Online Resource Database

CDFA Brownfields Redevelopment Webinar: Financing Post Disaster Recovery
Access to Capital | Bond Finance | Brownfield Financing | Disaster Recovery & Relief | Infrastructure Finance | Public-Private Partnership (P3) Financing | Redevelopment | Revolving Loan Funds (RLFs) | Tax Increment Finance (TIF) | U.S. Environmental Protection Agency (EPA) | Webcasts
As part of the CDFA Brownfields Technical Assistance Program, this second installment of the Brownfields Financing Webinar Series focuses on disaster recovery assistance and highlights best practice examples, case studies, and brownfield redevelopment financing tools that will allow your community to be more resilient in the face of natural disasters.


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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