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Brownfields Financing Update
August 2, 2016
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Brownfields Finance Update

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CDFA Brownfields Financing Webinar Series: Strategic TIF Structuring for Redevelopment
Thursday, September 1 | 2:00 - 3:30pm Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss tax increment financing and how it can be used to compliment the redevelopment and cleanup of your brownfield project.

NY DEC Announces Improvements to the Brownfield Cleanup Program
The New York State Department of Environmental Conservation (DEC) has adopted amendments to the Brownfield Cleanup Program. The amendments, which take effect August 12, 2016, define the terms "affordable housing project" and "underutilized" as part of the eligibility requirements for tangible property tax credits for brownfields in New York City. 

Brownfields Programs Present Opportunities in Colorado
Since its reinstatement in 2014, the Colorado Brownfields Program has been an integral part of the revitalization of properties previously overlooked due to the burden of environmental cleanup requirements.

EPA Announces $10.7M in Supplemental Funds to Cleanup Brownfields
The U.S. Environmental Protection Agency (EPA) announced approximately $10.7 million in supplemental funding to help transform communities by cleaning up contaminated brownfield properties. EPA plans to provide supplemental funding to 33 successful Revolving Loan Fund (RLF) grantees, helping more than 40 communities carry out cleanup and redevelopment projects.

EPA to Award $2.6M in Supplemental Funds to Cleanup New England Brownfields
The U.S. Environmental Protection Agency (EPA) will award additional grants of nearly $2.6 million in supplemental funding for communities in Connecticut, Maine, Massachusetts, Rhode Island and Vermont to carry out cleanup and redevelopment projects at contaminated Brownfields properties. 

Brownfields Color Portland's East Bayside ReBirth
According to The Forecaster, the East Bayside neighborhood will continue redevelop with help from the Greater Portland Council of Government. GPCOG was selected for a $200,000 U.S. Environmental Protection Agency Brownfields Area-Wide Planning grant.

Former Brownfield Site Berry Lane Park Officially Opens
After 20 years of planning and lobbying, community leaders joined city officials to unveil the city's largest park, which was developed on one of the city's most contaminated properties, according to the Hudson Reporter.

Leveraging Resources for Brownfields Revitalization Webinar
This previously recorded webinar discusses available tools to assist communities in leveraging resources to address community revitalization goals and challenges.  It includes a presentation on Dubuque, Iowa's successful efforts to leverage its own resources to attract other federal, state, public and private sources of funding and technical assistance.

Upcoming Events
CDFA Summer School
CDFA Brownfields Technical Assistance Program
CDFA Releases Report for City of Bedford Heights, OH
CDFA is excited to release the Roadmap to Redevelopment report prepared for the City of Bedford Heights, OH. Project Response Team site visits are available through CDFA's Brownfields Technical Assistance Program, funded by the U.S. EPA.

Brownfields Financing Headlines

Second Economic Development Incentive Agreement Reached in Manatee, FL
Bradenton Herald | Aug. 1 | Brownfield Financing | Economic Development

Portsmouth OH to Form Downtown Redevelopment District
The Community Common | Aug. 1 | Brownfield Financing | Historic Preservation | Local Finance Program | Redevelopment

State Board OKs $2.24M Brownfield Tax Incentive for Ferndale, MI
Crain's Detroit Business | Jul. 26 | Brownfield Financing | State Finance Program | Tax Credits

DEED Awards Grants for Contamination Cleanup
Minnesota DEED | Jul. 19 | Brownfield Financing | State Finance Program

Cuyahoga County Receives $500K to Clean up Contaminated Land
Cleveland.com | Jul. 18 | Brownfield Financing | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

EPA Awards $400K to Clean Up Two Brownfield Projects
News Channel 9 (WTVC) | Jul. 13 | Brownfield Financing | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

Michigan Gets $1.1M for Environmental Cleanup
Lexington Herald Leader | Jul. 13 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

AEP Sells Closing Picway Coal-Burning Power Plant
The Columbus Dispatch | Jul. 7 | Brownfield Financing | Economic Development



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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