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Brownfields Financing Update
June 2, 2015
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Brownfields Financing Update

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Register! CDFA Brownfields Financing Webinar: Financing Post Disaster Recovery
Thursday, June 4th @ 2pm (EDT)
Join CDFA, our technical partners, and experienced brownfield communities as we discuss financial strategies that can bring your brownfield projects to new life following a natural disaster. This free webinar will focus on disaster recovery assistance and highlight 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.

EPA Announces $54.3M to Assess and Cleanup Brownfields
The U.S Environmental Protection Agency announced 243 new grant investments totaling $54.3 million to 147 communities. Recipients will each receive between $200,000 - $600,000 in funding to help assess and cleanup contaminated sites, revitalize communities, leverage jobs and promote economic redevelopment.

A New Push to Make Brownfield Cleanup More Affordable
According to Sustainable City Network, a bill to re-establish the Brownfields Tax Incentive that ended in 2011 was introduced last month by Congresswoman Elizabeth Esty. The Brownfields Redevelopment Tax Incentive Reauthorization Act of 2015 would enable a taxpayer to fully deduct the cost of brownfield cleanup the year that costs were incurred.

Brownfield Program Fuels Buffalo Growth
Buffalo Business First reports that the state's Brownfield Cleanup Program has resulted in more than 4,200 new jobs and $700 million in new development in Western New York. Governor Andrew Cuomo recently extended the program by an additional 10 years.

A Sampling of Efforts to Fight Blight in Appalachia
This article from The Washington Post highlights a sampling of efforts to rehabilitate vacant or dilapidated properties from the Appalachian region. Programs in West Virginia, Pennsylvania, Kentucky, Tennessee, Virginia and Ohio have each shown a willingness to address abandoned buildings or contaminated sites.

Upcoming Events
Advanced Bond Finance WebCourse
CDFA Brownfields Technical Assistance Program
CDFA Brownfields Online Project Marketplace - Enroll Now!
CDFA's Brownfields Project Marketplace brings brownfield communities together with technical assistance advisors to discuss redevelopment and financing scenarios. The Project Marketplaces will consist of a brief presentation by a community detailing important information on their brownfield site followed by an open discussion period among community officials and technical assistance partners. Join us online to consult with financing professionals and brownfield project experts who can help identify potential resources for the project.

Brownfields Financing Headlines

Maine Getting $2.35M for Brownfields Cleanup
Seatlepi.com | Jun. 1 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

EPA Awards Brownfields Grants in Kentucky
WKYT | Jun. 1 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Brownfields Assistance Center at Marshall Collaborate on 'Reclaim Appalachia' Initiative
Huntingtonnews.net | Jun. 1 | Access to Capital | Brownfield Financing | Local Finance Program | Rural Development

Dubuque Targets Stigma of Brownfields
theonline.com | Jun. 1 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

$500K EPA Grant Will Fund Lehigh Valley Brownfield Remediation
LVB.com | Jun. 1 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

EPA Awards $467,000 Brownfields Grant to Solano County Water Agency
Yubanet.com | Jun. 1 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

EPA Provides $500K to the City of Fort Collins
US EPA | Jun. 1 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

City officials Pleased with Brownfields Grant Work
Commercial-News.com | Jun. 1 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

EPA Gives Lansing Region $500K Grant for Cleanup Sites
Lansing State Journal | Jun. 1 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

RI Cities Get EPA Grant to Clean Contaminated Land
Providence Journal | May. 28 | Access to Capital | Brownfield Financing | Redevelopment | U.S. Environmental Protection Agency (EPA)

EPA Awards $10.3M to Clean Up New England Brownfield Sites
EPA | May. 28 | Access to Capital | Brownfield Financing | Economic Development | Legislative | U.S. Environmental Protection Agency (EPA)

Former Cleveland Brownfield to be Converted Into Fish Farm
Cleveland.com | May. 21 | Access to Capital | Brownfield Financing | Food Systems Finance

Pennsylvania Marks 20th Anniversary of Signing of Land Recycling Laws
PR Newswire | May. 20 | Access to Capital | Brownfield Financing | Economic Development | Public-Private Partnership (P3) Financing | Redevelopment

DeKalb County Brownfield Revolving Loan Program Spurs Development
PRweb.com | May. 13 | Access to Capital | Brownfield Financing | Economic Development | Revolving Loan Funds (RLFs)


Highlights from the Online Resource Database

Atlantic Station: A Sustainable Brownfield Revitalization Best Practice
Access to Capital | Brownfield Financing | Recommended Practices | Tax Increment Finance (TIF)
This case study from the University of Illinois at Chicago's Institute for Environmental Science and Policy highlights the Atlantic Station project in Atlanta Georgia and is an example of brownfield redevelopment that manages growth sustainably.


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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