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CDFA Brownfields Financing Update - November 7, 2014

Brownfields Financing Update
November 7, 2014
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Brownfields Financing Update

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CDFA is proud to announce the launch of a new newsletter: CDFA Brownfields Financing Update. We are sending the first two monthly issues as samples, and we encourage you to subscribe today.

Street Festival Draws Public Input on Brownfields Redevelopment
Placematters reports on a street festival in NY designed to facilitate public input on brownfields redevelopment. Groundwork Hudson Valley was awarded the Brownfields Redevelopment Program grant from the US EPA to form a steering committee made up of local stakeholders. The committee will identify ways that nearby multi-use trails and adjacent streets can better serve the community.

State Approves $10M Subsidy Package for Pittsburgh Brownfield
According to the Commercial Property Executive, Pennsylvania approved a $10 million package of incentives and programs to facilitate redevelopment on a Pittsburgh brownfield. Governor Corebett announced that the package will support the approximately $1 billion redevelopment of the former LTV Steel site along the Monongahela River in Hazelwood.

EPA Assessment & Cleanup Grant Guideline Changes FY15
The US Environmental Protection Agency released this summary for FY15 brownfield assessment and cleanup grant guideline changes.

Annual Report: Florida Brownfields Redevelopment Program
The report analyzes the Brownfield Redevelopment Program from July 2013-June 2014. The program reached several major milestones, including 280 projected new direct jobs, 423 projected new indirect jobs and $11 million in projected new capital investment are attributable to the Program.

Upcoming Events
Intro Tax Increment Finance WebCourse
CDFA Brownfields Technical Assistance Program



The CDFA Brownfields Technical Assistance Program is funded by a grant from the U.S. EPA to provide assistance to communities throughout the country that are looking to finance the redevelopment of brownfield sites.

CDFA Brownfields Financing Resource Center
The CDFA Brownfields Financing Resource Center is a one-stop hub for all of the resources, reports, headlines, and projects that CDFA collects and publishes related to brownfields finance. Find links to resource tags, technical assistance, original research, upcoming webcasts, reference guides, daily headlines, and more.

Inaugural CDFA Brownfields Project Marketplace
The first CDFA Brownfields Project Marketplace will occur at the 2014 CDFA National Development Finance Summit. Communities that participate in the marketplace can not only receive specialized attention for their sites and projects during the marketplace on Thursday, November 20, but also attend the entire National Summit for free! Contact CDFA for more information.

Brownfields Financing Headlines

University Avenue Plans Moving Forward in Green Bay, WI
FOX 11 | Nov. 11 | Access to Capital | Brownfield Financing | Redevelopment | U.S. Environmental Protection Agency (EPA)

2014 ReScape Award Winners
MNbrownfields.org | Nov. 10 | Access to Capital | Brownfield Financing | Recommended Practices | Redevelopment

Can More Of Milwaukee's Brownfields Thrive Once Again?
WUWM | Nov. 10 | Access to Capital | Brownfield Financing | Redevelopment

Montrose, CO Formalizes EPA Brownfields Grant
Montrose Daily Press | Nov. 7 | Access to Capital | Brownfield Financing | Local Finance Program | U.S. Environmental Protection Agency (EPA)

Hattiesburg, MS Eyeing Brownfield Grant
Hattiesburg American | Nov. 6 | Access to Capital | Brownfield Financing | Redevelopment | U.S. Environmental Protection Agency (EPA)

Firm Outlines Plans for Studying Winsted's Former Brownfield Site
The Register Citizen | Nov. 4 | Access to Capital | Brownfield Financing | Economic Development | Local Finance Program

Remediation Cost in Conschohocken Cut by State Grant
The Register Citizen | Nov. 4 | Access to Capital | Brownfield Financing | Redevelopment | State Finance Program

Future Tualatin River Boat Launch Made Possible By Brownfields Grant
Oregon Metro | Nov. 3 | Brownfield Financing

Schmidt Artist Lofts Wins Minnesota Brownfields Award
Minnesota/St. Paul Business Journal | Nov. 3 | Access to Capital | Brownfield Financing | Redevelopment | State Finance Program

Tips for Successful Brownfields Grant Proposals Webinar
NALGEP | Nov. 3 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Brownfield Plan Approved for Birmingham, MI Site
downtownpublications.com | Oct. 31 | Access to Capital | Brownfield Financing | Tax Increment Finance (TIF)

EPA Takes 2 Michigan Brownfield Sites Off List of Toxic Hot Spots
Detroit Free Press | Oct. 31 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Bloomington, IN Hosts Public Forum on Brownfield Redevelopment
City of Bloomington | Oct. 30 | Brownfield Financing | Community Development | State Finance Program

Greenville, MS Urges Brownfields Testing
SFgate.com | Oct. 30 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

WV Brownfields Assistance Center Summer 2014 News Brief
West Virginia Brownfield Assistance Center at Marshall University | Oct. 30 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

MI Brownfield Postpone Deadline For Developers
MLive Media Group | Oct. 29 | Brownfield Financing | Economic Development

Redevelopment of Brownfields Has Great Impact
GTR News | Oct. 29 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

State Grant to Assist Cleanup of Brownfields in PA
NorthcentralPA.com | Oct. 28 | Access to Capital | Brownfield Financing | Economic Development | State Finance Program

EPA Accepting Proposals for Brownfield AC Grants
Smart Growth America | Oct. 27 | Access to Capital | Brownfield Financing | Economic Development | U.S. Environmental Protection Agency (EPA)

New Movie Studio to Anchor McKees Rocks, PA Brownfield
Pittsburgh Business Times | Oct. 27 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment

PA Brownfield Receives ULI Global Award for Excellence
The Morning Call | Oct. 24 | Access to Capital | Brownfield Financing | Community Development

Connecticut DECD Announced Next Round of Brownfields Funding
Day Pitney LLP | Oct. 23 | Access to Capital | Brownfield Financing | Economic Development

Flager County, FL Brownfields Community Workshop Scheduled
WN.com | Oct. 10 | Access to Capital | Brownfield Financing | Local Finance Program | U.S. Environmental Protection Agency (EPA)


Highlights from the Online Resource Database

Overcoming Obstacles to Rural & Agricultural Finance
Brownfield Financing | Food Systems Finance | Rural Development
Developing country populations are rising, commodity prices are fluctuating widely with economic globalization, food insecurity is increasing and the climate is warming. Themes discussed in the publication are making markets work for rural and agricultural finance, forging agricultural finance innovations, reducing costs of rural outreach, managing risks, attracting private sector investors and much.

Energy Efficient and Affordable Homes Planned for Former Mine Scarred Property
Access to Capital | Brownfield Financing | Community Development | U.S. Environmental Protection Agency (EPA)
EPA's Brownfields Sustainability Pilots provide technical assistance to assist communities in achieving greener, more sustainable results when redeveloping brownfields. These pilots also provide models for other communities across the country.

Financing Techniques for Brownfield Remediation
Access to Capital | Brownfield Financing | Public-Private Partnership (P3) Financing | Redevelopment | Revolving Loan Funds (RLFs) | Tax Credits | Tax Increment Finance (TIF)
Professor Nico Groenendijk from the University of Twente (Netherlands) provides an in-depth analysis of brownfield financing and the various costs/benefits. Of the financing techniques provided, the guide includes four models of public-private cooperation for brownfield 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 2200
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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