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Brownfields Financing Update
March 1, 2016
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Brownfields Finance Update

Features

CDFA Releases Report for Longmont Area Economic Council
CDFA is excited to release the Roadmap to Redevelopment report prepared for the Longmont Area Economic Council. Project Response Team site visits are available through CDFA's Brownfields Technical Assistance Program, funded by the U.S. EPA.

St. Paul Looks for Partners to Confront Sticker Shock of Brownfield Infrastructure Renewal
Governing reports the City of Saint Paul is looking for innovative financing tools to help offset the high upfront costs of addressing stormwater management issues that are stifling the progress of three large-scale brownfield redevelopment projects.

Bipartisan Bill To Improve Brownfields Revitalization Program Introduced
Congresswoman Elizabeth Esty (D-CT) announced the introduction of the Brownfields Reauthorization Act of 2016 to reauthorize and improve the EPA's Brownfields Program.

Recapitalizing Brownfield Fund is Good for Housing in MA
Banker and Tradesman reports the Brownfields Development Fund administered by MassDevelopment is depleted. But a new bond bill which allows the state to borrow money for capital projects, the administration has proposed making $75 million available for the Brownfields fund over the next five years.

Brownfield Cleanup Grants Helping Reshape Downtown Meriden
As reported by My Record Journal, between cleanup grants, Transit-Oriented District planning and implementation grants, and Choice Neighborhood grants, Meriden, CT has received more than $24 million in state and federal money for downtown Meriden in recent years.

Louisville Developer Turns Brownfield into Thriving Business
Fears about potential environmental contamination had kept buyers away from a prime stretch of Louisville real estate. One local developer finally bought the property and worked with a geologist and consultant to turn a former brownfield into a restaurant.

Groundwork USA: Equitable Development Through Brownfields Planning
The team from Groundwork USA hosted a workshop aimed at furthering equitable development outcomes by engaging youth in brownfield planning and advocacy at the New Partners for Smart Growth Conference in Portland, OR.

Upcoming Events
Energy Investment Partnerships Webinar Series
CDFA Brownfields Technical Assistance Program

CDFA Brownfields Financing Webinar: Reaching Your Redevelopment Goals With Revolving Loan Funds
Thursday, April 21, 2016 from 2:00 – 3:30pm EST
Join CDFA, EPA, and experienced brownfield communities as we discuss the key features of a successful Brownfield Revolving Loan Fund and the commonalities and challenges associated with implementing this underutilized financing resource. Learn how even the most challenged or understaffed communities can implement Revolving Loan Fund loans and sub-grants. 

Granary Roadmap to Redevelopment
As part of the Brownfields Technical Assistance Program, this report from CDFA staff and technical advisors provides redevelopment recommendations for the Granary brownfield site located in Longmont, Colorado.

Brownfields Financing Headlines

From Abandoned Factories to Fancy Lofts, Startup Rejuvenating Vacant Land
Built in Chicago | Feb. 29 | Brownfield Financing

Envisioning the Future of River Wards Brownfields in Philly
Star News Philly | Feb. 29 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

'For Profit' Status Needed for Buffalo to Seek Tax Breaks
Buffalo News | Feb. 26 | Brownfield Financing | Tax Credits

Turning Brownfields Into Assets in Kent, WA
Daily Journal of Commerce | Feb. 25 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Money Remains for Brownfield Assessments in KY
The State Journal | Feb. 25 | Brownfield Financing

Bringing an Open-Air Venue and Park to a Former Landfill in Nashville
Urban Land | Feb. 24 | Brownfield Financing

State OKs Affordable Housing Grant in Phoenixville
The Times Herald | Feb. 23 | Brownfield Financing

Burnt Mill Pond Seeks Brownfield Grant to Fix Dam in NJ
The Daily Journal | Feb. 22 | Brownfield Financing | U.S. Economic Development Administration (EDA) | U.S. Environmental Protection Agency (EPA)

Northwoods Community to Benefit from Brownfields Award in WI
Lakeland Times | Feb. 19 | Brownfield Financing | State Finance Program

Destiny USA Collects $69M in Tax Credits Under NY's Cleanup Program
Syracuse.com | Feb. 18 | Brownfield Financing | State Finance Program | Tax Credits

Old Gas Station, or New Urban Place?
Greater Greater Washington | Feb. 11 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

$2.5M Project Will Rehab Former Knapp's Warehouse
Lansing State Journal | Feb. 10 | Brownfield Financing | Redevelopment | Tax Increment Finance (TIF)

Greylock Mill Project Accepted Into State Brownfields Program
iberkshires.com | Feb. 4 | Brownfield Financing | State Finance Program


Highlights from the Online Resource Database

Financial Resources for Petroleum Brownfields
Brownfield Financing | U.S. Environmental Protection Agency (EPA)
Many local, state, and federal government environmental and economic development programs provide financial assistance in the form of grants and cleanup funds for petroleum brownfields.

Leveraging the Partnership: HUD, DOT, EPA
Brownfield Financing | U.S. Dept. of Housing & Urban Affairs (HUD) | U.S. Dept. of Transportation (DOT) | U.S. Environmental Protection Agency (EPA)
This guide to federal programs is intended to help communities identify resources available to support their efforts to promote livable and sustainable communities. The Partnership agencies administer grants, programs, and technical assistance available to communities to implement the principles of the Partnership for Sustainable Communities.


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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