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Brownfields Financing Update
April 5, 2016
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Brownfields Finance Update

Features

CDFA Releases Report for City of New Bern, NC
CDFA is excited to release the Roadmap to Redevelopment report prepared for the City of New Bern, NC. Project Response Team site visits are available through CDFA's Brownfields Technical Assistance Program, funded by the U.S. EPA.

Lansing Regional Brownfield Coalition Celebrates Maximum Grant from EPA
Lansing Regional Chamber reports the Lansing Regional Brownfield Coalition was awarded $500,000 through the he U.S. EPA Brownfield Program.

Making Sure Your Community Benefits from Vacant Land Reuse Strategies
Groundwork USA explores the best practices for implementing adaptive and inclusive processes to achieve more equitable re-development of vacant, underutilized, and sometimes even contaminated properties.

Accomplish a Community Revitalization Project With Federal and State Brownfields Programs
This article from the University of North Carolina School of Government provides and overview on how to accomplish a community revitalization project by utilizing federal and state brownfields programs.

Oregon Legislature Boosts Brownfields Cleanups
Portland Business Journal reports that Oregon Legislature has passed House Bill 4084, which enables local governments to adopt a special property tax assessment on brownfields land or a property tax exemption on improvements and personal property located on the brownfield property through a tax abatement.

America's Abandoned Factories in Hot Demand
CNN Money reports on the demand for America's abandoned factories as growing industry fuels demand for sites that can more easily be brought back into productive use.

A $232M Plan to Redevelop Former Federal-Mogul Foundry Site Moves Forward
According to the St. Louis Post-Dispatch, work could begin this summer to redo an old foundry as a food hall flanked by new offices, stores and apartments in a $232 million overhaul of 14 acres in Midtown St. Louis. Financing for the project could include brownfields and historic preservation tax credits.

Kresge Community Finance RFP
Kresge Community Finance is a $30 million program-related investment finance offering to certified CDFIs and quasi-public or private DFAs. The foundation will select applications through a competitive Request-for-Proposals (RFP).

Upcoming Events
Intro Tax Increment Finance Course
CDFA Brownfields Technical Assistance Program
Enroll Now! CDFA Brownfields Project Marketplace in Tampa, FL - May 4
CDFA is excited to offer the Brownfields Project Marketplace as an opportunity for communities to receive free technical assistance related to the redevelopment and financing of brownfield projects. Join us May 4 in Tampa, FL to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.

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. 

Brownfields Financing Headlines

Time to Think Differently About Brownfields
Mark Barbash | Apr. 4 | Brownfield Financing

Another Win in City's Fight Against Blight
Jacksonville.com | Apr. 4 | Brownfield Financing

From Meatpacking Plant to Eco-Industrial Food Startup Hub
NRDC | Apr. 4 | Brownfield Financing

World Bank to Help China Clean Up Industrial Brownfields
The Financial | Apr. 1 | Brownfield Financing

Ferndale Clears Way for Downtown Apartment - Retail Project
Daily Tribune | Mar. 31 | Brownfield Financing | Tax Credits

Brownfield Redevelopment Authority Approves $1.2M for Parking
Traverse City Record Eagle | Mar. 31 | Brownfield Financing

Brownfield Funds Allow Dealership to Reopen in Downtown Ansonia
CTpost | Mar. 31 | Brownfield Financing

EPA Accepting Applications for New England Healthy Communities Grants
EP Newswire | Mar. 29 | Access to Capital | Brownfield Financing | Community Development | U.S. Environmental Protection Agency (EPA)

Ogdensburg Takes Major Step Forward in Brownfield Development Plans
North Country Now | Mar. 28 | Brownfield Financing

Downtown Bay City Hotel Project Moving Forward
Midland Daily News | Mar. 26 | Brownfield Financing

Brownfield Grant to Help Lubec, ME Tear Down Cannery
Bangor Daily News | Mar. 25 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

School Restoration Plan Gets Brownfield Boost
Hometown Life | Mar. 25 | Brownfield Financing | Tax Increment Finance (TIF)

County Lands a Brownfields Grant in VT
Stowe Today | Mar. 24 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

What Presidential Candidates' Tax Plans Mean for Munis
The Bond Buyer | Mar. 21 | Brownfield Financing | Federal | Legislative | U.S. Dept. of Treasury

Madison Co. Officials Give Updates on Enterprise Zone and Brownfields
Belleville News-Democrat | Mar. 17 | Brownfield Financing

OR Senate Passes Bill to Spur Brownfields Clean Up and Redevelopment
Oregon Economic Development Association | Mar. 10 | Brownfield Financing | Green Finance | Legislative | State Finance Program

Business Oregon Announces 2016 Oregon Brownfields Conference
Business Oregon | Mar. 7 | Brownfield Financing | Green Finance | Member News


Highlights from the Online Resource Database

Trent Court Roadmap to Redevelopment
Brownfield Financing | CDFA Original Research
As part of the Brownfields Technical Assistance Program, this report from CDFA staff and technical advisors provides redevelopment recommendations for the Trent Court brownfield site located in New Bern, North Carolina.

EPA Region 9 Fact Sheet
Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)
Region 9 released this valuable fact sheet on how EPA's Brownfields Program can work for your community.


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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