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CDFA Brownfields Finance Update - June 7, 2022

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Brownfields Financing Update
June 7, 2022
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Brownfields Finance Update

Features

Learn About Creating More Equitable Environments with the EPA
Join CDFA on June 14 for the third installment of the Federal Financing Webinar Series: Creating More Equitable Environments with the EPA. Engage with industry experts as we discuss how you can use EPA programs to create more equitable communities by addressing pollution, empowering residents in environmental decisions, and more!

EPA Awards $9.4M for Brownfield Cleanup in Indiana
The U.S. Environmental Protection Agency has awarded $9.4 million in grant funding to 10 recipients in Indiana to assess or clean up brownfield sites. The EPA says projects can range from cleaning up buildings with asbestos or lead contamination, to assessing and cleaning up abandoned properties that formerly managed hazardous chemicals.

Dive Into Development Finance with CDFA's Virtual Summer School!
CDFA Virtual Summer School is a week-long series of courses presented by the CDFA Training Institute. CDFA Virtual Summer School will offer three different training courses, all held online. Learn from our 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 Program!

Biden Administration Announces $7.3M to Tackle Polluted Brownfield Sites in Pennsylvania
Eight Pennsylvania communities will receive Brownfield Assessment, Cleanup or High Performing RLF support to help reinvigorate neighborhoods while addressing environmental justice concerns. These grants are supported by President Biden's Bipartisan Infrastructure Law, which provides a total of $1.5 billion to advance environmental justice, spur economic revitalization, and create jobs by cleaning up contaminated, polluted, or hazardous brownfield properties.

EPA Announces $4M Brownfields Investment in New Hampshire
The U.S. EPA announced $4 million in federal funds earmarked for assessing and cleaning up abandoned industrial and commercial properties is headed for New Hampshire, to support cleaning up abandoned properties in underserved communities. New Hampshire is in line to receive five grants under the Brownfields Cleanup and Assessment Grant program.

Nearly $10M in EPA Funding Going to Environmentally Contaminated Sites in Montana
The U.S. Environmental Protection Agency (EPA) recently announced that five central Montana community development organizations will receive a combined total of $9.7 million in federal funding to redevelop environmentally contaminated sites across 20 northcentral Montana counties.

Virginia Receives a Big Boost in Federal Funds for Brownfields Work
Virginia has been awarded a record amount of federal dollars to lay the groundwork for the cleanup of contaminated or potentially contaminated sites known as brownfields in the cities of Emporia and Newport News and the towns of Appalachia and Blackstone. The U.S. EPA awarded the Virginia Department of Environmental Quality $2 million in brownfields grants, the most of its kind ever received by DEQ, with an additional $3.5 million going to regional and local governments and authorities.

Communities Across Maine Secure $24.2M to Address Contaminated Sites
Communities and organizations across Maine have been awarded more than $24.2 million in federal funds to help assess and clean up both contaminated and blighted sites for future development.

Michigan Gets $4M in Brownfield Grants for Flint, Jackson, Muskegon
Remediation projects to clean up polluted properties in Flint, Jackson, Muskegon and elsewhere around Michigan will benefit from $4 million in brownfield grants from the U.S. EPA. The Michigan Department of Environment, Great Lakes and Energy (EGLE) will use $2 million to conduct 110 site assessments and perform other studies, planning and analyses for projects in Benton Harbor, Flint, Detroit and Escanaba.

Upcoming Events
CDFA Virtual Summer School

CDFA Federal Financing Webinar Series: Creating More Equitable Environments with the EPA
Tuesday, June 14, 2022 - 2:00 PM - 3:30 PM Eastern
This session of the Federal Financing Webinar Series will highlight the resources available at the U.S. Environmental Protection Agency to encourage development strategies that protect human health and the environment while also creating economic opportunities.

CDFA // BNY Mellon Development Finance Webcast Series: Racial Equity in the Bond Markets
Tuesday, June 21, 2022 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we continue a conversation sparked during last year's series with a look at new initiatives being implemented to encourage more transparency around racial equity in municipal bond offerings.

CDFA Brownfields Technical Assistance Program


Brownfields Financing Headlines

Addison County, VT Awarded $500K EPA Brownfields Assessment Grant
Vermont Business Magazine | Jun. 2 | Brownfield Financing | Economic Development | Redevelopment

In Northwest Montana, Brownfields Funding Turns Blight Into Might
Flathead Beacon | Jun. 2 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment

EPA Pledges $23M Toward Cleanup at Stratford's Raymark Superfund Site
CT Insider | Jun. 2 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment

Marquette, MI City Commission Approves $44M Spending Plan for Former Hospital Site
Upper Michigan Source | Jun. 1 | Brownfield Financing | Economic Development | Redevelopment

Camden, NJ Gets $3.5M to Restore Brownfields
TAPinto Camden | Jun. 1 | Brownfield Financing | Economic Development | Redevelopment

Denison, Iowa, Selected to Receive $400K to Tackle Polluted Brownfield Sites
U.S. EPA | May. 27 | Brownfield Financing | Economic Development | Federal | Redevelopment | U.S. Environmental Protection Agency (EPA)

Millions Slated for Cleaning Connecticut's Contaminated Sites
Connecticut Public | May. 27 | Access to Capital | Brownfield Financing | Economic Development | Federal | Redevelopment

Federal Grant Awarded to Study Brownfield Impact in Chickamauga, Lafayette, Rossville, GA
News Channel 9 | May. 25 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment

Planning Board Recap: City Harbor, Collegetown, NY Projects Earn Board Approval
The Ithica Voice | May. 25 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment | U.S. Environmental Protection Agency (EPA)

City of Pocatello, ID Awarded Funding for EPA Brownfield Projects
Local News 8 | May. 24 | Brownfield Financing | Economic Development | Redevelopment | Revolving Loan Funds (RLFs)

Funds Announced for Brownfield Clean Up in Wayne & Oswego, NY Counties
Finger Lakes Daily News | May. 20 | Brownfield Financing | Economic Development | Federal | Redevelopment | U.S. Environmental Protection Agency (EPA)

Burlington, VT Brownfield to Get $6M Makeover
WVNY | May. 18 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment

$3.9M Grant for Rockford, IL Brownfield Cleanup Projects
WIFR | May. 17 | Access to Capital | Brownfield Financing | Infrastructure Finance | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

$1M Grant to Clean Polluted Northeast Ohio Brownfield sites
Cleveland 19 | May. 13 | Brownfield Financing | Economic Development | 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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CDFA National Sponsors

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