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Brownfields Financing Update
August 4, 2015
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Brownfields Financing Update

Features

EPA Announces $2.4M in Colorado Brownfield Grants
The state of Colorado announced that the EPA has awarded seven Colorado communities with grants totaling $2.4 million to help cleanup, assess, and redevelop contaminated properties.

How Connecticut is Investing in Abandoned Properties
The state of Connecticut has funded 198 brownfield projects since 2005 and doesn't show any signs of slowing down. WNPR reports that since 2012, the state of Connecticut has invested $138 million in the redevelopment of brownfields.

Wilson, NC to Roll Out $1M Brownfield Cleanup Program
According to the American Planning Association, a $1 million EPA Brownfields Cleanup Revolving Loan Fund is getting rolled out in the city of Wilson.

Opportunities for Redevelopment to Generate Refundable Tax Credits in NY
According to JD Supra Business Advisors, after the recent reauthorization and reform of the Brownfields Cleanup Program in New York, now is the time to begin brownfield redevelopment projects.

House Subcommittee Held Hearing on Reauthorizing EPA Brownfields Program
The House Committee on Transportation and Infrastructure Subcommittee on Water Resources and Environment held a hearing on reauthorizing the EPA brownfields program.

City Receives Report on Hotel Grim from CDFA Site Visit
As reported by TXK today, CDFA staff and technical advisors provided redevelopment recommendations for the Grim Hotel site located in Texarkana, TX.

Upcoming Events
CDFA National Development Finance Summit
CDFA Brownfields Technical Assistance Program

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 Financing Headlines

MRPC Gets EPA Award for Brownfield Site Cleanup
Leominster Champion | Jul. 31 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Moso Village Work Continues
Sturgis Journal | Jul. 31 | Access to Capital | Brownfield Financing

Redevelopment of Former McLouth Steel Plant Gets $2.2M Boost
Crain's Detroit Business | Jul. 31 | Access to Capital | Brownfield Financing | State Finance Program

City of Morgantown Holds First Bad-To-Better Buildings Meeting
WBOY | Jul. 31 | Access to Capital | Brownfield Financing | Local Finance Program

Steelpointe Harbor Marks Completion of $11M Project
Westfair Communications | Jul. 31 | Access to Capital | Brownfield Financing | Redevelopment

Stratford Awarded $1.2M State Grant for Brownfield Redevelopment
Stratford Patch | Jul. 31 | Access to Capital | Brownfield Financing | State Finance Program

Historic Franklin Hotel Awarded Brownfield Sub Grant
Mangum Star-News | Jul. 31 | Access to Capital | Brownfield Financing | Historic Preservation

EPA Announces $600K in Brownfields Grants to Philadelphia Redevelopment Authorities
EPA | Jul. 30 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Austin is Populating an Old Landfill With Bizarre Art
Citylab | Jul. 29 | Brownfield Financing | Community Development

Developers Secure Tax Break for $6.7M Bay City Project
Mlive | Jul. 23 | Access to Capital | Brownfield Financing

Arizona DEQ Announces $45,000 Brownfields Grant
EP Newswire | Jul. 23 | Access to Capital | Brownfield Financing

CDFA Launches Brownfields Project Response Team Site Visit in Texarkana, TX
CDFA | Jul. 16 | Access to Capital | Brownfield Financing | CDFA Original Research

Huntington Receives Additional Brownfields Grant
Huntington News | Jul. 9 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Niagara IDA Approves Aid for New Plastic Plant in Falls
Niagara-Gazette | Jul. 9 | Access to Capital | Brownfield Financing | State Finance Program | Tax Credits


Highlights from the Online Resource Database

Grim Hotel Roadmap to Redevelopment
Access to Capital | Brownfield Financing | CDFA Original Research | Redevelopment | Tax Increment Finance (TIF)
As part of the Brownfields Technical Assistance Program, this report from CDFA staff and technical advisors provides redevelopment recommendations for the Grim Hotel site located in Texarkana, TX.


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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