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Brownfields Financing Update
February 3, 2015
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Brownfields Financing Update

Features

CDFA Announces the Brownfields Financing Toolkit
The CDFA Brownfields Financing Toolkit provides communities with an easy-to-use, best practices resource on brownfields redevelopment. The toolkit approach to development finance brings together the best of these financing concepts and techniques to provide a comprehensive response to capital and resource needs. This guide is intended to provide information to communities interested in identifying potential financing tools for the remediation and redevelopment of contaminated brownfield sites.

CDFA Brownfields Request for Proposals
The Council of Development Finance Agencies (CDFA) requests proposals from finance firms and individuals with development finance expertise to assist targeted communities with brownfields redevelopment financing.

Brownfields Development Among DEC's Top Priorities for 2015
The New York Department of Environmental Conservation intends to make brownfields development a top priority in 2015, according to The Legislative Gazette. During a budget hearing, the commissioner of the DEC, Joseph Martens, further discussed the changes planned by Governor Cuomo to the state's Brownfields Cleanup Program.

WV Brownfields Assistance Center Seeks Applicants for BAD
Communities in West Virginia can now apply for brownfield technical assistance grants to help redevelop brownfield sites, according to The State Journal. The Northern West Virginia Brownfields Assistance Center will provide the technical assistance to BAD buildings (Brownfields, Abandoned, Dilapidated).

$4.2M Brownfield Cleanup Brings 140 Jobs to Urbana, OH
According to the Dayton Daily News, the brownfield project that received $4.2 million in state and local funding has been finalized after a five-year process. City officials stated about 140 new jobs were created in Urbana, OH as a result of the project.

Upcoming Events
CDFA — EPA Brownfields Financing Webinar Series: Financing Tools for Transformation
CDFA Brownfields Technical Assistance Program


The CDFA Brownfields Technical Assistance Program is funded by a grant from the U.S. EPA to provide assistance to communities throughout the country that are looking to finance the redevelopment of brownfield sites.

CDFA Brownfields Financing Resource Center
The CDFA Brownfields Financing Resource Center is a one-stop hub for all of the resources, reports, headlines, and projects that CDFA collects and publishes related to brownfields finance. Find links to resource tags, technical assistance, original research, upcoming webcasts, reference guides, daily headlines, and more.

Brownfields Financing Headlines

Enfield Receives $200K State Grant to Redevelop Old Theater
Enfield Patch | Feb. 3 | Access to Capital | Brownfield Financing | Economic Development | State Finance Program

Grants Will Help Revitalize Belding Mill in Putnam, CT
The Bulletin | Feb. 2 | Access to Capital | Brownfield Financing | Community Development | Economic Development | Revolving Loan Funds (RLFs) | State Finance Program

Cleanup Grants Available Through KY Cleaner Commonwealth Fund
SurfKY | Feb. 2 | Access to Capital | Brownfield Financing | State Finance Program

Steel Company Expands at Tampa Port, Creates 108 Jobs
The Tampa Tribune | Jan. 29 | Access to Capital | Brownfield Financing | Economic Development | Local Finance Program | State Finance Program

Hotel in Alpena, MI gets State Approval for Brownfield Incentive
Mlive Media Group | Jan. 28 | Access to Capital | Brownfield Financing | State Finance Program

Should the City of Newburgh, NY be Declared a Brownfield?
Times Herald-Record | Jan. 26 | Brownfield Financing

Brownfields Tax Credits in Upstate/Downstate Divide
Buffalo Business First | Jan. 26 | Access to Capital | Brownfield Financing

Clearing Properties Costly, Worthwhile in Oregon
The Register-Guard | Jan. 26 | Access to Capital | Brownfield Financing | State Finance Program

CT Awards $2.2 Million For Historic Brownfields Planning
Connecticut News | Jan. 23 | Access to Capital | Brownfield Financing | Redevelopment

Niagara County, NY Urges Brownfield Program Extension
Niagara County | Jan. 22 | Access to Capital | Brownfield Financing | Economic Development

Redevelopment Grant Requests Advance to Council
Finance & Commerce | Jan. 21 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment | State Finance Program

Gov. Cuomo Plans Changes for Brownfields Tax Breaks
The Buffalo News | Jan. 19 | Access to Capital | Brownfield Financing | State Finance Program

NY State Funding 13 Brownfield Cleanup Projects
The Washington Times | Jan. 12 | Access to Capital | Brownfield Financing | State Finance Program

Brownfields 2015 Conference Call for Mobile Workshop Ideas
Brownfieldsconference.org | Jan. 9 | Brownfield Financing

Lake Forest, IL Gives First OK to Downtown Tax District
Chicago Tribune | Jan. 9 | Access to Capital | Brownfield Financing | Tax Increment Finance (TIF)

Biloxi, MS to Unveil Brownfields Program
City of Biloxi | Jan. 8 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Brownfield Plan on Bay City Commission's Agenda
Michigan News | Jan. 6 | Brownfield Financing | Tax Increment Finance (TIF)


Highlights from the Online Resource Database

Local Brownfield Financing Tools
Bond Finance | Brownfield Financing | Local Finance Program | Redevelopment | Revolving Loan Funds (RLFs)
This paper from the Northeast-Midwest Institute provides case examples of brownfield financing tools that local governments have used to leverage private dollars, improve the developer's financial position, reduce lender risk, or fund property improvements needed for redevelopment to proceed.


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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