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CDFA Brownfields Finance Update - July 5, 2022

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Brownfields Financing Update
July 5, 2022
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Brownfields Finance Update

Features

Invest in Your Professional Development at CDFA's Virtual Summer School
CDFA Virtual Summer School is offering three different training courses, all held online during August 1-4. Learn from expert practitioners and experience CDFA's most interactive educational event of the year! These courses also qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program and scholarships are available.

EPA Region 7 Presents Checks Totaling Over $3M to St. Louis, MO Organizations
In St. Louis, The Land Clearance for Redevelopment Authority of St. Louis County was selected for a $1.9 million grant for cleanups in disadvantaged areas, and the St. Louis Development Corporation was selected for $1 million for cleanup projects in Fountain Park, The Ville, Midtown, and North Riverfront.

Lynwood, CA to Receive Over $5M for Land Cleanup
The City of Lynwood has received notification that it will be eligible for over $5 million in state funding to clean up three adjacent pieces of land in the city—which will be used for economic development bringing jobs and retail to the city. The City applied to the DTSC's Office of Brownfield to investigate environmental damage and clean up land in the Alameda Triangle and on Long Beach Boulevard.

More Federal Funding is Heading to New Jersey for Brownfield Cleanups
New Jersey is getting a new tranche of federal money to clean up Brownfield sites, land that was previously used mostly for industrial purposes and may have been contaminated. The bipartisan infrastructure law signed by President Biden last year provides New Jersey with $6.5 million of the $1.5 billion in funding.

EPA Presents $250K Check to Fort Dodge, IA After Their Selection for Brownfields Grant
The city was selected for cleanup at the Former Greenleaf Healthcare Facility, a former nursing home that is contaminated with inorganic contaminants, including asbestos. Grant funds will also be used to conduct community outreach, such as public meetings, and will go toward developing a website for the project.

Paterson, NJ to Benefit from Part of $6.5M in EPA Brownfields-Specific Funding
Paterson, N.J. will benefit from the more than $250 million in funding recently awarded across the country to 265 communities. NJEDA is receiving a $2 million grant to assess 73 contaminated sites in communities throughout the state. Brownfield sites in the 13 municipalities designated as high priority by the State of New Jersey due to historic disinvestment will be prioritized for work under this grant.

Governor DeWine Announces 112 Brownfield Remediation Projects Throughout Ohio
Ohio Governor Mike DeWine and Lt. Governor Jon Husted today announced state support for 112 brownfield remediation projects that will help clean up contaminated properties in Ohio to make way for future economic development. As part of the Ohio Brownfield Remediation Program, the Ohio Department of Development is awarding $192 million for projects impacting 41 Ohio counties with a total of $192 million in grant awards.

Naugatuck Valley, CT Receives More Than $4M in Federal Funds for Brownfield Cleanup
The Naugatuck Valley will receive more than $4 million from the federal government in brownfield cleanup and remediation grants. Waterbury has over 100 brownfields, and there are more than 200 in the 19 towns in the Naugatuck Valley Council of Governments region. Connecticut alone will see close to $7 million for brownfield cleanup.

Upcoming Events
SSBCI Learning Series - Aligning your SSBCI Strategy with Federal Funding Priorities

CDFA EC-Tech Initiative Info Session
July 13, 2022 - 4:00 - 5:00 PM Eastern
The CDFA EC-Tech (Equitable Capital Technology) Initiative is a comprehensive solution for DFAs working to implement stronger lending for minority business owners. This informal event is an opportunity for organizations interested in joining to see a demonstration of Presta's end-to-end lending platform and have questions answered about applying to or participating in the initiative.

CDFA // BNY Mellon Development Finance Webcast Series: Development Finance and the Cannabis Industry
Tuesday, July 19, 2022 - 2:00 PM - 3:00 PM Eastern
In this webcast, we will explore the creative financing approaches that are providing capital to the emerging cannabis industry, and the economic benefits to states that have legalized the sale of recreational and medical marijuana.

CDFA Brownfields Technical Assistance Program


Brownfields Financing Headlines

EPA Awarding Brownfield Grant at Site of Planned Lookouts Stadium in Chattanooga, TN
Chattanoogan.com | Jul. 1 | Brownfield Financing | Federal | Redevelopment | U.S. Environmental Protection Agency (EPA)

Chautauqua County, NY Receives $600K Grant to Help Rehab Brownfields
Erie News Now | Jun. 30 | Brownfield Financing | Economic Development | Federal | Redevelopment

Mill Site Development in Snoqualmie, WA Gets Go-Ahead, Council to Vote on Project This Summer
Snoqualmie Valley Record | Jun. 30 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment

Asbury Park, NJ to Benefit from Part of $6.5M in EPA Brownfields Funding
U.S. EPA | Jun. 30 | Brownfield Financing | Federal | Redevelopment | U.S. Environmental Protection Agency (EPA)

Niagara County, NY Receives $3.9M from EPA to Address Brownfield Sites
The Buffalo News | Jun. 29 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Council Bluffs, IA Accepts Big Check from EPA for Brownfield Cleanup
The Daily Nonpareil | Jun. 29 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment

Niagara County, NY Receives $3.9M from EPA to Address Brownfield Sites
The Buffalo News | Jun. 29 | Access to Capital | Brownfield Financing | Community Development | Economic Development | Federal | Redevelopment | Revolving Loan Funds (RLFs)

Brownfields' Revolving Loan Fund to Be Launched This Year in Williamsport, OH
The Express | Jun. 28 | Brownfield Financing | Revolving Loan Funds (RLFs)

Painesville, OH Receives State Funds to Clean Up Two Brownfield Sites
The News-Herald | Jun. 27 | Brownfield Financing | Community Development | Infrastructure Finance | State Finance Program

Montana Department of Environmental Quality Revitalizing Historic Buildings for Redevelopment
KTVH-DT | Jun. 24 | Brownfield Financing | Community Development

Marquette County, MI Commissioners Approve Negaunee Brownfield Plan
The Mining Journal | Jun. 23 | Access to Capital | Brownfield Financing | Community Development

Ashtabula County, OH Receives Funds for Brownfield Restoration of Astatic Property
Star Beacon | Jun. 23 | Access to Capital | Brownfield Financing | Community Development | State Finance Program

Unlikely Northeast Ohio Site Gets State Grant for Hazardous Waste Cleanup
Ideastream | Jun. 22 | Brownfield Financing | Community Development | Economic Development | Redevelopment

Completion of $23M Affordable Housing Development Announced in Poughkeepsie, NY
New York State | Jun. 20 | Brownfield Financing | Energy Finance | Housing Finance | Tax Credits

Wayne County, NY Gets $1M to Address Brownfields
Finger Lake Times | Jun. 10 | Brownfield Financing | Redevelopment | Revolving Loan Funds (RLFs)

Two Mohawk Valley, NY Organizations Receive Brownfield Funding Through EPA
Observer-Dispatch | Jun. 9 | Brownfield Financing | Community Development | Federal



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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