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Brownfields Financing Update
November 3, 2015
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Brownfields Financing Update


Grand Rapids Redevelopment Project Secures $4.6M in Public Funds
The Grand Rapids Redevelopment Authority received approval for $2.1 million in brownfield tax increment financing to help with exiting brownfield conditions, according to Grand Rapids Business Journal. In total, $4.6 million in public funds have been secured for the redevelopment project.

WV BAD Buildings Program Launches Website & Toolkit
As reported by WVU Today, WV BAD Buildings Program has launched their website and toolkit. The BAD Buildings toolkit is an invaluable resource designed specifically for West Virginia communities to help them address the issue of blighted, abandoned, and dilapidated properties.

EPA Announces New RFP for FY16 Brownfield Grants
The US EPA announced a new request for proposals for FY16 brownfield assessment, revolving loan fund, and clean up grant guidelines. The proposal submission deadline is December 18, 2015.

Lakewood, CO Developers See Brownfields Turning Green
According to the Lakewood Sentinel, brownfields are becoming easier to develop in Colorado thanks in-part to recent legislation that makes the use of state income tax credits to help with the remediation process.

Brownfield Incentives Make the Difference
In the heart of downtown Midland, Michigan, a transformative redevelopment is under construction that will significantly boost the City's downtown revival. According to AKT Peerless, the project would not be possible without brownfields incentives.

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Brownfields Financing Headlines

State Gives Developers $3.5M for Plaza Project
Curbed Detroit | Oct. 30 | Access to Capital | Brownfield Financing | State Finance Program | Tax Credits

Byrne Electrical to Building Plant on Former Brownfield
MiBiz | Oct. 30 | Access to Capital | Brownfield Financing | Infrastructure Finance | State Finance Program

Atlanta Beltline Issues RFP for Old Atlanta Farmers Market
Saporta Report | Oct. 29 | Brownfield Financing

Somerville Receives EPA Brownfields Grant
Boston Globe | Oct. 29 | Brownfield Financing

EPA Grant to Fund Cleanup of Somerville Properties
Somerville Patch | Oct. 26 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Rockford, IL May Use Federal Money for Brownfield Cleanups
Rockford Register Star | Oct. 26 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

New Funding for Brownfield Redevelopment in Great Falls, MT
KFBB | Oct. 23 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

County Regional Planning Commission Program Assists Brownfields
Boothbay Register | Oct. 14 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Is It Possible to Create a Neighborhood from Scratch?
Keystone Crossroads | Oct. 14 | Brownfield Financing | Community Development | International | Urban Development

RFP to Develop Medical Arts Building in Gardiner, ME
Centralmaine.com | Oct. 13 | Access to Capital | Brownfield Financing | Redevelopment

Middletown, CT Receives Federal Grant for Brownfield Study
Hartford Courant | Oct. 8 | Brownfield Financing

Types of Brownfields Grant Funding
EPA | Oct. 7 | Brownfield Financing | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

EPA Awards Pulaski County $350K to Cleanup Brownfields Sites
EPA | Oct. 6 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Highlights from the Online Resource Database

Turning a Brownfield Into a Sports Park
Brownfield Financing | State Finance Program | Tax Credits
The California Department of Toxic Substances Control highlights this success story about a former brownfield transformed into a sports park thanks to a state grant and tax credits.

Redeveloping Brownfields in Kansas City
Brownfield Financing
Andrew Braker of Kansas City gives an overview of redeveloping brownfields, including incentives, strategy, risk management, and results in the Kansas City area.

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

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