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CDFA Brownfields Finance Update - April 2, 2024

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Brownfields Financing Update
April 2, 2024
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Brownfields Finance Update


Join CDFA for the Return of the Revolving Loan Fund WebCourse Week!
Revolving Loan Fund WebCourse Week is returning with the intro level on May 13-14 followed by the advanced level on May 15-16. Register for one or both of these courses to learn from experts about developing, implementing, and managing efficient and impactful revolving loan fund programs.

$3M Awarded for Project to Help Clean Contaminated Site in Harrison County, MS
An appropriations bill in the U.S. Senate could bring tens of millions of dollars for cargo and infrastructure projects in Mississippi, with several million dollars coming to the Coast. The Harrison County Development Commission (HCDC) said the FY2024 Transportation, Housing and Urban Development, and Related Agencies (T-HUD) Appropriations Bill would award $3 million for a project in Gulfport.

Michigan Expands Building Financing Option for More Affordable Housing
The state of Michigan is expanding the Brownfield Tax Increment Financing (TIF) program in an effort to generate more affordable housing in Michigan. It is no longer limited to brownfields. As enacted, Senate Bills 129, 130, 131, and 132 make it so builders develop affordable housing anywhere in the state as long as it is on non-agricultural land.

EPA Partners With Passamaquoddy Tribe on Brownfields Development Strategies
The U.S. Environmental Protection Agency (EPA) announced that the Passamaquoddy Tribe at Pleasant Point in Maine will receive technical assistance through the Building Blocks for Sustainable Communities program. Together, EPA and the Passamaquoddy Tribe will pursue development strategies that expand upon existing brownfields efforts and advance clean air, clean water, equitable development, and other local goals.

Wayne County, NY Gets $2M in Grants for Brownfield Sites
Wayne County has been awarded $2 million in grants from the U.S. Environmental Protection Agency (EPA) to support its efforts in cleaning up and repurposing unused and polluted lands, known as brownfields. This funding is a significant boost to the county's mission to turn these neglected sites into valuable community spaces.

Upcoming Events
Intro Revolving Loan Fund WebCourse

CDFA-Bricker Graydon Webinar Series: Revitalizing Brownfields with TIFs and Special Assessments
April 9, 2024 - 2:00 PM - 4:00 PM Eastern
Join expert speakers to learn how communities are diversifying their capital stacks by using tax increment financing (TIF) and special assessments to reimburse brownfield-related costs incurred while redeveloping these contaminated, functionally obsolete, blighted, historic, or otherwise eligible properties.

CDFA // BNY Mellon Development Finance Webcast Series: Why Bond Deals Go Bad
April 16, 2024 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, panelists will explore factors that contributed to the challenges these high-profile deals encountered and discuss best practices for development finance practitioners to set the stage for successful bond finance in their communities.

Brownfields Financing Headlines

EPA Official Tours Centre County, PA Conservation Sites
StateCollege.com | Mar. 28 | Brownfield Financing | U.S. Environmental Protection Agency (EPA) | Water Finance

EPA Kicks Off 2024 Pennsylvania Brownfields Conference in State College
U.S. Environmental Protection Agency | Mar. 26 | Brownfield Financing | Community Development | U.S. Environmental Protection Agency (EPA)

Grant Provides Workforce Training to Revitalize Hazardous Historic Sites in Texas
KTAL News | Mar. 23 | Brownfield Financing | Community Development | U.S. Environmental Protection Agency (EPA)

Youngstown, OH's 20 Fed Place Needs More Funds for Renovations
WFMJ 21 | Mar. 21 | Brownfield Financing | Community Development | Tax Credits

Construction is Underway on Second Utility-Grade Solar Site in West Virginia
Yahoo! Finance | Mar. 19 | Brownfield Financing | Community Development | Economic Development | Energy Finance

Knoxville, TN City Council Approves Pilot Agreement for $30.7M Project
10 News | Mar. 15 | Brownfield Financing | Community Development | Economic Development

Plans for Industrial Park at Former General Electric Plant in Niles, OH
WFMJ 21 | Mar. 12 | Brownfield Financing | Community Development | Economic Development

Part of Former Rhodia Site Ready for Development in West Louisville, KY
WDRB | Mar. 8 | Brownfield Financing | Community Development | Economic Development

Connecticut State Leaders Show Progress on Waterbury Clean-up Project
WTNH | Mar. 1 | Brownfield Financing | Community Development | State Finance Program

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.

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300


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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • 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
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a Sponsor