About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

CDFA Brownfields Finance Update - January 4, 2021

Having trouble viewing this newsletter? View it online.
Brownfields Financing Update
January 4, 2021
Subscribe
View Archives
Brownfields Finance Update

Features

Rep. Cartwright Discusses Infrastructure Bill's Impact on Abandoned Mine Lands Reclamation
The Infrastructure Act includes $21 billion in funding to address Legacy Pollution and can be used to clean up brownfield and superfund sites, as well as reclaim abandoned mine lands and plug orphan oil and gas wells. Pennsylvania has more unreclaimed abandoned mine land acreage than any other state in the country and represents nearly 41 percent of the country's reclamation costs. The Infrastructure Act will provide nearly $3.8 billion to Pennsylvania for reclamation efforts.

Sheet Metal Workers Open Expanded Training Center
Local 71 of the International Association of Sheet Metal, Air, Rail, and Transportation (SMART) workers formally unveiled its newly expanded 19,000 square foot training center. The transformation of a previously vacant brownfield site into a modern training facility for the members of SMART Local 71 is not just a strategic investment that will strengthen Buffalo's manufacturing sector, it also advances key goals for the broader New York State economy.

Ponderay, ID Announces Purchase of Lakefront Property Extending the Bay Trail
The city of Ponderay announced plans to use local option tax revenue to purchase waterfront property, expanding public access to Lake Pend Oreille. The cleanup and property purchases are part of Ponderay's Front Yard Project, which encompasses the brownfields cleanup and remediation of the shoreline for public recreation, but also the construction of a pedestrian and bike passage under the railroad tracks to provide access to the lake from Ponderay's neighborhoods and commercial district.

Boston, MA Commits to Equitable Site Redevelopment
In the historic Boston neighborhood of Nubian Square, a wellspring of revitalization is replacing blighted areas with innovative community developments that seek to clean up the environment and provide affordable housing. The $20 million, 60-unit Bartlett Station mixed-use apartment building and the $18.9-million, 50-unit LEED Silver-targeted Kenzi at Barlett Station senior housing development—affordable housing projects on former brownfield sites—are examples of this trend.

Bond Commission Approves $1.3B for Transportation, Small Business
The State Bond Commission approved over $1.3 billion Dec. 21 to fund a variety of projects, including $839 million for transportation and $124 million for small business growth. Small businesses will see $124 million in investment, including $25 million for brownfield revitalization, $21 million for the Small Business Express finance program, and $4 million for a minority business loan program.

Governor DeWine in Ohio Launches Program to Help Communities Clean Up Hazardous Brownfield Sites
The new Brownfield Remediation Program, which is part of Governor DeWine's strategic efforts to invest in Ohio's future, will provide nearly $350 million in grants to clean up industrial, commercial, and institutional brownfield sites that are abandoned, idled, or underutilized due to a known or potential release of hazardous substances or petroleum.

Federal Grant Awarded to Help Coal Communities Redevelop
In Huntington, 100 acres of vacant manufacturing brownfields will be redeveloped in the heart of downtown. The city's Municipal Development Authority will prepare the site and upgrade its infrastructure to welcome a potential manufacturing plant, while also upgrading three historic buildings for technology reuse and building a new technology center that would create more than 100 jobs.

Warehouse Project at Former GM Plant in Livonia, MI Granted $3.7M in State Tax Credits
The Michigan Strategic Fund recently approved a tax credit of more than $3.68 million for the development of a warehouse structure on the site of the former GM spring and bumper plant off Eckles Road. That approval will allow for brownfield redevelopment at the site. The new, roughly 365,000-square-foot facility does not yet have a tenant but is expected to be a workplace with roughly 185 jobs once constructed and occupied. The investment in the facility is expected to total about $32 million.

Upcoming Events
Fundamentals of Economic Development Finance Course

Advanced Bond Finance WebCourse
February 16-17, 2022 - Daily: 12:00 - 5:00 PM Eastern
The Advanced Bond Finance Course is designed for professionals who already have an understanding of tax-exempt financing and seek detailed instruction on complex financing techniques. Expert speakers will explore topics including the application of financial derivatives, advance refundings, investing bond proceeds, and how to spot arbitrage issues.

Intro Revolving Loan Fund WebCourse
March 28-29, 2022 - Daily: 12:00 - 5:00 PM Eastern
The Intro Revolving Loan Fund Course offers an in-depth look at RLF program development, implementation, and management. This course demonstrates how an RLF program can complement your economic development strategy, encourage investment, and assist traditionally underserved businesses. During this course, attendees learn the essential elements needed to operate a successful RLF program and discuss programs making a difference in communities throughout the country.

CDFA Brownfields Technical Assistance Program


Brownfields Financing Headlines

Gloversville, NY Targets 4 Brownfields for Clean-Up Funding
The Gloversville Leader Herald | Jan. 3 | Brownfield Financing | Redevelopment | State Finance Program

These Bethlehem, MI Projects Will Reshape the City in 2022
The Morning Call | Jan. 3 | Brownfield Financing | Historic Preservation | Redevelopment | State Finance Program

Another Voice: Brownfield Cleanup Program Has Made Buffalo, NY Cleaner, More Vibrant
The Buffalo News | Jan. 1 | Brownfield Financing | Economic Development | Housing Finance | Redevelopment | State Finance Program

EPA Announces Plans to Use First $1B From Bipartisan Infrastructure Law Funds to Clear Out the Superfund Backlog
U.S. EPA | Dec. 29 | Brownfield Financing | Federal

Gov. Whitmer OKs Extending Development Tax Incentives
Daily Press | Dec. 29 | Brownfield Financing | Housing Finance | Redevelopment

Madison Township, OH to Seek State Grant for Expressview Drive Property Cleanup
Mansfield News Journal | Dec. 27 | Brownfield Financing | Redevelopment | State Finance Program

$600M Factory Expansion in Kalamazoo, MI Nears Completion
MLive | Dec. 27 | Brownfield Financing | Redevelopment | State Finance Program

Clark County to Receive $1M to Identify and Clean Up Contaminated Properties
Springfield News-Sun | Dec. 23 | Brownfield Financing | Redevelopment

New York Department of Conservation Proposes Changes to Brownfield Cleanup Regulations
WTEN | Dec. 23 | Brownfield Financing | Legislative | Redevelopment | State Finance Program

Brownfields Sites Poised for Big Funding Amid Equity Concerns
Bloomberg Law | Dec. 20 | Brownfield Financing | Redevelopment | Social Finance

Meramec Regional Planning Commission Board Learns About Brownfield Clean-Ups
The Salem News Online | Dec. 20 | Brownfield Financing | Education | Redevelopment | State Finance Program

EPA to Use Infrastructure Funds to Clean Up Lockport Superfund Site
The Buffalo News | Dec. 20 | Brownfield Financing | Federal | Redevelopment | State Finance Program | U.S. Environmental Protection Agency (EPA)

Ballston Spa, NY Awarded a $153K Brownfield Opportunity Area Nomination Grant
The Saratogian | Dec. 20 | Brownfield Financing | Redevelopment | State Finance Program | Water Finance

Ogdensburg Awarded $340K in State Funds for Brownfield Site Assessments, Engineering Report
NNY360 | Dec. 20 | Brownfield Financing | Redevelopment | State Finance Program

Environmental Work Underway at Old White Mill Pedestrian Bridge in Danville, VA
Danville Register & Bee | Dec. 15 | Brownfield Financing | Infrastructure Finance | Redevelopment | Tax Credits



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

Archives

Displaying 1 - 30 of 93

September 6, 2022
August 2, 2022
July 5, 2022
June 7, 2022
May 3, 2022
April 5, 2022
March 1, 2022
February 1, 2022
December 7, 2021
November 2, 2021
October 5, 2021
September 7, 2021
August 3, 2021
July 6, 2021
June 1, 2021
May 4, 2021
April 6, 2021
March 2, 2021
February 2, 2021
January 5, 2021
January 4, 2021
December 1, 2020
November 3, 2020
October 6, 2020
September 1, 2020
August 4, 2020
July 7, 2020
June 2, 2020
May 5, 2020
April 7, 2020




CDFA National Sponsors

  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd LLC
  • gener8tor
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor