CDFA is pleased to release the latest Roadmap to Redevelopment report for the Pajama Factory in Williamsport following a site visit in August. The report provides financing strategies to accelerate the redevelopment of an eight-building complex into a creative community featuring artist residences and work studios, retail opportunities, and event space.

The National Housing Federation (NHF) has identified and mapped more than 17,000 brownfield sites, totalling around 27,700 hectares, which could provide space for more than 961,000 homes. This tool has the potential to help tackle the housing crisis, when applied on a wider scale, says the National Federation of Builders (NFB).

The state is helping a private company build a solar farm on Gravelly Hill Road, the state Department of Environmental Management said. The Gravelly Hill Farm Solar Array will collect $306,000 to clean up the property, which was formerly a dump. The project is expected to create 40 construction jobs and two permanent jobs.

The Rhode Island Department of Environmental Management (DEM) has announced its latest round of Brownfields Grant Awardees. This round of awards will see 12 projects across six cities and towns split $2.6 million in funding that was made available by the 2016 Green Economy Bond.

Governor Tom Wolf announced 11 new approvals through the Industrial Sites Reuse Program (ISRP) that will clean up former industrial sites in Pennsylvania to prepare them for occupation by businesses and residential properties. Because no redevelopment can occur at these properties if they still contain environmental contamination, developers must first undergo extensive environmental cleanup before the property can be put into productive reuse.

The Bank of America Charitable Foundation has granted $200,000 to 100 Resilient Cities (100RC) to engage the community development finance sector in resilience projects. The project will help the cities in the 100RC network, 25 of which are in the United States, identify resources to help their urban resilience projects come to fruition.

The New Jersey Economic Development Authority (EDA) announced a program that will provide planning grants for communities to develop solutions for repurposing local vacant or underutilized commercial and retail properties. The program will provide planning grants for communities to develop solutions for repurposing local vacant or underutilized commercial and retail properties.

The Brownfields Tax Credit program is important to incentivize innocent developers (i.e. those that did not contaminate the property or own the property when it was contaminated) to clean up and develop contaminated sites. Currently, there are an estimated 40,000 hazardous waste sites in Massachusetts ranging from small oil spills to Superfund sites.

The agency awarded seven grants under its Redevelopment Grant Program for projects in Battle Lake, Edina, Fridley, Mankato, Minneapolis (two) and Winona, Minnesota. In addition, DEED approved a loan from its Demolition Loan Program for a project in Braham. The projects will create or retain 1,822 jobs and increase local tax bases by $2.6 million.

Financing Economic Recovery in the Wake of Disaster
November 14, 2018 - 2:00 - 4:00 PM Eastern

CDFA - PFM Capital Markets Webinar Series
November 28, January 11, February 7, March 14, April 16, May 7 - Monthly: 2:00 - 3:30 PM Eastern

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