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CDFA Brownfields Finance Update - February 1, 2022

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Brownfields Financing Update
February 1, 2022
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Brownfields Finance Update

Features

Confederated Tribes of Grand Ronde, Stantec Gain $800K to Revitalize Mill Site in New York
Stantec has helped secure $800K in federal funding for the Confederated Tribes of Grand Ronde to revitalize the former Blue Heron Mill into a multiuse public gathering space. Due to the firm's reputation in Brownfield revitalization, the Confederated Tribes of Grand Ronde brought Stantec on to help write up the Brownfield grant application to the U.S. EPA.

Coal Cleanup Costs Covered by Infrastructure Bill
State and federal officials made an announcement Monday about federal funding meant to help eliminate some of the scars that came from energy generation in the past. The infrastructure law has designated $11.3 billion for abandoned mine land reclamation projects. A large portion of that will go to Pennsylvania.

A New Chapter: Repurposing for Further Development in West Virginia
The Sporn Power Plant in Letart, WV was one of three AEP power plants closed in 2015 and has been vacant since that time. Since acquiring the former power plant, Frontier Group of Companies have invested significant resources into repositioning the 280-acre brownfield site including preparing a plan to transform the brownfield into a modern industrial park.

From Brownfields to Solar Fields in Southwest Virginia
Southwest Virginia even has a program primed and ready to encourage shared solar development, the Brightfields Program. The Virginia General Assembly passed the Brightfields Act to support solar energy development on sites such as abandoned mine lands, landfills, former industrial sites, and decommissioned energy generation facilities in Southwest Virginia.

Mansfield, OH City Council OKs $500K Toward Demolition/Remediation
Mansfield City Council voted to spend up to $500K in a partnership with Richland County, toward the demolition and remediation of two former Westinghouse properties. The Land Bank acquired the two properties -- the six-story "A" building at 200 Fifth St. and a 13-acre concrete slab that adjoins it to the east. Local officials acted after the state's two-year budget approved in 2021 set aside $500 million for demolition and brownfield remediation.

Town of Haddam, CT Gets $1.8M Grant to Remediate Old Mill Brownfields
The Department of Economic and Community Development has awarded a $1.8 million grant to the town of Haddam for the cleanup of blighted properties in Haddam through the Brownfield Remediation Program. The governor's administration is awarding approximately $17.9 million in state grants to help with the costs of remediating 40 blighted parcels in 13 towns and cities across Connecticut.

Pawtucket, RI's Remediated Brownfields Improve River, Community Health
Pawtucket has 22 known brownfield sites along its riverfront. The state agency lists only three as not remediated. Today, instead of being blighted lots overgrown with invasive plants, the remediated Branch Street parcels are home to affordable housing. The aggressive remediation of Pawtucket brownfields has meant dividends for its urban rivers.

EPA Releases Draft Environmental Justice Plan for Land Protection and Cleanup Programs
The U.S. EPA released a draft "EJ Action Plan: Building Up Environmental Justice in EPA's Land Protection and Cleanup Programs" highlighting projects, tools, and practices to be applied to the Agency's OLEM programs. These programs include Superfund, Brownfields, Emergency Response, Solid Waste Management and Corrective Action, and Underground Storage Tanks.

Upcoming Events
Intro Bond Finance Course

CDFA-Bricker Webinar Series: Green Financing 101
Tuesday, February 1, 2022 - 2:00 PM - 4:00 PM Eastern
There are a wide variety of financing approaches that can be used to improve the environmental outcomes of a project or address specific environmental issues. This session will provide an overview of Green Financing, with a special focus on the role of Green Banks.

CDFA Federal Financing Webinar Series: Capacity Building Programs from EDA and NIST
Tuesday, February 8, 2022 - 2:00 PM - 3:30 PM Eastern
This session of the Federal Financing Webinar Series will highlight the resources available at the Department of Commerce to support projects in communities of all sizes. Featured programs include new funding opportunities through the Economic Development Administration (EDA) and recent activities at NIST and the Manufacturing Extension Partnership.

CDFA Brownfields Technical Assistance Program


Brownfields Financing Headlines

Lanett, AL Mill Site Undergoes Erosion Control Project
Valley Times-News | Jan. 29 | Brownfield Financing | Redevelopment | U.S. Environmental Protection Agency (EPA)

Connecticut Brownfields Initiative Evolves to Technical Assistance for Brownfields Program
University of Connecticut | Jan. 28 | Brownfield Financing | Redevelopment | U.S. Environmental Protection Agency (EPA)

Pender County, NC Awarded $500K for Demolition of Former Chemical Site
Port City Daily | Jan. 28 | Brownfield Financing | Community Development | Redevelopment

Limited Funding Available for New Jersey Brownfields – NJEDA Brownfields Impact Fund
Mondaq | Jan. 26 | Brownfield Financing | Redevelopment | State Finance Program

Sparta, WI Receives Brownfields Grant
La Crosse Tribune | Jan. 25 | Brownfield Financing | Economic Development | Redevelopment

Council Bluffs, IA Brownfields Grants Available
The Daily Nonpareil | Jan. 20 | Brownfield Financing | Economic Development | Redevelopment | State Finance Program

Lorain, OH Council Approves Brownfield Grant Application
The Chronicle-Telegram | Jan. 19 | Brownfield Financing | Economic Development | Housing Finance | Redevelopment | State Finance Program

Aldi, Marshalls, New Hotel Get Closer to Reality in Alpena, MI
The Alpena News | Jan. 19 | Brownfield Financing | Economic Development | Food Systems Finance | Redevelopment | State Finance Program

Bethlehem, PA `Vertical Farm' to Start Growing Crops
WFMZ-TV | Jan. 18 | Agriculture Finance | Brownfield Financing | Economic Development | Food Systems Finance | Redevelopment

Office Building Planned for Long-Vacant St. Albans, VT Brownfield Site
VTDigger | Jan. 17 | Brownfield Financing | Economic Development | Redevelopment

Avon Lake, OH to Seek Grant From New Brownfield Remediation Program
Chronicle Telegram | Jan. 14 | Brownfield Financing | Community Development | Economic Development | Redevelopment | State Finance Program

Connecticut Puts Up $1.3M to Help Convert New Britain Factory Into Mixed-Income Apartments
Hartford Courant | Jan. 11 | Brownfield Financing | Community Development | Housing Finance | Rural Development | State Finance Program

State Brownfield Program Could Spur Development on Sites Across Cuyahoga County, OH
Cleveland.com | Jan. 10 | Brownfield Financing | Community Development

Firm Gains Final Approval for Water Street Development Project in New York City, NY
Design Build Network | Jan. 5 | Brownfield Financing | Redevelopment



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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