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CDFA Brownfields Finance Update - September 6, 2022

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Brownfields Financing Update
September 6, 2022
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Brownfields Finance Update


Learn How to Clean Up Applications at the CDFA Federal Grant Writing Workshop!
If you're interested in learning more about how to build stronger grant applications, CDFA will be offering a Federal Grant Writing Workshop on Friday, November 4, 2022 at the CDFA National Development Finance Summit, Presented by CHFA. This session will cover strategies, themes, and trends to write successful grant proposals for funding opportunities across federal agencies. During this workshop, attendees will have a chance to share their challenges and ask questions.

"Brightfield" Solar Project on Former Brownfield Site in Illinois Completed
A leading cleantech integrator specializing in energy efficiency and renewable energy, and Inovateus Solar, a top U.S. solar engineering, procurement and construction (EPC) company, announced the completion of their "brightfield" solar project in Danville, Illinois, which was built on a former General Motors Powertrain Division Plant turned brownfield site.

MEDC Approves Funding Support for Multiple Projects in Detroit, MI
The project is expected to generate a total capital investment of $27.9 million and create 45 full-time equivalent jobs, and will help meet demand for restaurant, housing, office, and parking space in the neighborhood. The City of Detroit Brownfield Redevelopment Authority today received MSF approval of $1,218,829 in state tax capture for the reimbursement of eligible brownfield activities at the site.

Contaminated Former Gas Station Site Near Ann Arbor, MI Could See New Development
The environmental cleanup of a former gas station just outside Ann Arbor is part of developers' plans to bring more commercial space to the property that has sat vacant for nearly a decade. A redevelopment proposal for the 1-acre property at 4025 Packard Road would bring 7,000 square feet of new, multi-tenant commercial space, including a drive-thru connecting with an existing retail building to the north and new parking.

Vulnerable Communities Poised for Big Solar Gains in Senate Bill
Low-income and other marginalized communities that have been largely abandoned in the clean energy revolution could see far more community solar projects and rooftop solar panels under the Senate-passed climate package. The Senate-passed bill provides bonus credits that could be applied on top of the 30% credit. For example, it would provide an extra 10% investment tax credit for projects either built on a formerly polluted brownfield site.

EPA Grants Tucson, AZ $1M Through Brownfields Cleanup Revolving Loan Fund
The Environmental Protection Agency (EPA) has granted the City of Tucson $1 million through a Brownfields Cleanup Revolving Loan Fund. This will allow the city to provide six loans and two subgrants, which would revolve back into a fund supporting future Brownfields cleanups.

Historic $13.8M Infrastructure Law Investment to Clean Up, Redevelop Sites in Maine
Congresswoman Chellie Pingree joined Environmental Protection Agency (EPA) Regional Administrator David Cash, Portland Mayor Kate Snyder, and Maine Department of Environmental Protection (DEP) Commissioner Melanie Loyzim in Portland to celebrate a historic $13.8 million Infrastructure Law investment to assess and clean up Brownfields sites in communities throughout Maine's First District.

Upcoming Events
CDFA National Development Finance Summit

CDFA // BNY Mellon Development Finance Webcast Series: Deploying Capital in Native American Communities
Tuesday, September 13, 2022 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, a panel of experts will share insights on how to preserve and grow tribal communities by unlocking development finance tools.

CDFA Ohio Financing Roundtable
September 14, 2022 - Columbus, OH
During this special one-day conference, we will share knowledge of best practices within the state's development finance industry. This event will feature economic development finance experts from around the state discussing the latest and most innovative development finance tools, authorities, resources, and approaches, and how these can affect the Ohio economy going forward.

Brownfields Financing Headlines

Kansas City, MO Receives Nearly $6M for Former Army Depot Cleanup
WDAF-TV | Aug. 31 | Brownfield Financing | Redevelopment | Revolving Loan Funds (RLFs)

$120M Project Breaks Ground in Muskegon, MI
Wood-TV | Aug. 30 | Brownfield Financing | Economic Development | Redevelopment

EPA Talks Brownfield Redevelopment in Tyler County, WV
News and Sentinel | Aug. 27 | Access to Capital | Brownfield Financing | Redevelopment

State Canalway Receives National Designation in Niagra, NY
Niagra Gazette | Aug. 27 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment

Troy, NY's Little Italy Marketplace Receives State Funding to Boost Redevelopment Effort
WAMC | Aug. 26 | Brownfield Financing | Economic Development | Redevelopment

Subsidies for South Buffalo, NY Marijuana Farm
Investigative Post | Aug. 25 | Access to Capital | Brownfield Financing | Cannabis Finance | Redevelopment | State Finance Program

Former Sioux Center, Iowa Hospital Property Being Purchased for Office
Kiwa Radio | Aug. 23 | Brownfield Financing | Economic Development | Redevelopment

Village of Campbellsport, WI Receives Brownfields Assessment Grant
WisPolitics.com | Aug. 23 | Brownfield Financing | Economic Development | Redevelopment

Martinsville, IN Looking to Clean Up Abandoned Sites Through EPA Grant
Reporter-Times | Aug. 19 | Brownfield Financing | Economic Development | Redevelopment

New Industrial Park Planned for Former East Side Ford Visteon Site in Indianapolis, IN
WTHR | Aug. 18 | Brownfield Financing | Economic Development | Redevelopment

Smokestacks Will Remain as Brownfield Funds Pave Way for Trails, Housing in Summit County, OH
Akron Beacon Journal | Aug. 12 | Brownfield Financing | Economic Development | Redevelopment

Chattanooga, TN City Council Gives Final Approval to South Broad Revitalization Plans
The Pulse | Aug. 10 | Brownfield Financing | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Groups Work to Restore Ecology of Burlington, VT Brownfield Site
WCAX | Aug. 9 | Brownfield Financing | Economic Development | Redevelopment

New Hampshire Gets $4M in Federal Funding to Assess, Clean Up Brownfield Sites
Patch | Aug. 9 | Brownfield Financing | Economic Development | Redevelopment | State Finance Program

Amid "Shortage" of Industrial Sites, 7 in Hamilton County, OH Get Money for Clean Up
WCPO - Cincinnati | Aug. 3 | Brownfield Financing | U.S. Environmental Protection Agency (EPA) | State Brownfield Programs

Developer Continues to ‘Thrive' with Help of Brownfield Grants in Grandview, OH
Spectrum News 1 | Aug. 1 | Brownfield Financing | Economic Development | Housing Finance | Redevelopment | State Finance Program

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.

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300


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CDFA National Sponsors

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  • MuniCap, Inc.
  • NW Financial Group, LLC
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  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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