CDFA Brownfields Finance Update - June 7, 2016

Brownfields Financing Update
June 7, 2016

Features

EPA Announces FY16 Brownfields Grant Selections

The U.S. EPA announced the selection of 218 new Assessment, Revolving Loan Fund and Cleanup (ARC) grant investments totaling $55.2 million to 131 communities across the U.S.

Senate EPW Committee Votes to Reauthorize EPAs Brownfields Program

As reported by Smart Growth America, the Senate Committee on Environment and Public Works (EPW) voted to approve the Brownfields Utilization, Investment, and Local Development Act of 2015 (BUILD Act), which would reauthorize the U.S. EPA Brownfields program though 2018.

New Brownfield Grant Opportunity: ATSDR Community Health Projects

The ATSDR Community Health Projects (CHP) Related to Contamination at Brownfield/Land Reuse Sites purpose is to increase responsive public health actions by promoting healthy and safe environments and preventing harmful exposures related to contamination at Brownfield/Land Reuse Sites.

Brownfield Site Becoming Ecotourism Destination in Sterling, IL

The City of Sterling, Illinois' progress on its riverfront redevelopment plans can be seen in several places, but most eyes eventually return to two blighted buildings, reports Saukvalley.com. Cleanup and redevelopment of the Lawrence Brothers and Stanley-National sites carries an estimated price tag of $67 million.

EPA Announces $11 Million in Nationwide Brownfields Technical Assistance Funding

The U.S Environmental Protection Agency announced $11 million in funding to provide for the cleanup of brownfields sites, including encouraging more public involvement in the cleanup process. The New Jersey Institute of Technology will receive $3 million in grant funds. Other organizations receiving funding from the EPA include the Center for Creative Land Recycling and Kansas State University.

City of Fort Collins, CO Begins Northside Revitalization Brownfield Assessment Project

The City of Fort Collins has begun the initial phases of the Northside Revitalization project, an Area-wide Brownfield Assessment effort funded through a $500,000 grant from the U.S. Environmental Protection Agency that was awarded to the City in late 2015.

Upcoming Events

CDFA Brownfields Technical Assistance Program

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Last Call for Submissions! CDFA Online Brownfields Marketplace - June 22-24

June 22-24, 1:00 - 5:00pm Eastern
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 online on June 22-24 to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.

CDFA Call for Advisors - Brownfields Project Marketplace

CDFA requests assistance from finance firms and individuals with development finance expertise to assist selected communities with brownfields redevelopment financing. Advisors selected will have a unique opportunity to showcase their redevelopment finance expertise for communities and brownfields stakeholders nationwide. Contact emoser@cdfa.net for more information.

Brownfields Financing Headlines

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Highlights from the Online Resource Database

Creative Finance For Smaller Communities
Brownfield Financing | Public-Private Partnership (P3) Financing | State Finance Program | Tax Increment Finance (TIF)

This report from the Urban Land Institute outlines creative financing tools for smaller communities and provides several case studies from communities that are successfully implementing these strategies.

>>> EXPLORE ONLINE RESOURCE DATABASE

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