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CDFA Brownfields Finance Update - June 6, 2023

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Brownfields Financing Update
June 6, 2023
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Brownfields Finance Update

Features

Join CDFA for Our Upcoming Intro Tax Increment Finance Course!
Register for CDFA's Intro Tax Increment Finance (TIF) Course taking place on June 14-15 to learn the guiding principles and appropriate application of TIF. Our panel of expert speakers will discuss TIF deal-making and best practices highlighted by projects from around the country.

EPA Announces $315M for Cleanup, Technical Assistance at Brownfield Sites
The U.S. Environmental Protection Agency (EPA) has announced more than $315 million through the Investing in America Agenda to expedite the assessment and cleanup of brownfield sites. EPA selected 262 communities to receive 267 grants totaling more than $215 million in competitive EPA Brownfields funding through the Multipurpose, Assessment, Revolving Loan Fund, and Cleanup Grant (MARC) programs.

Mark Your Calendar for the 2023 CDFA Virtual Summer School!
Join us August 7-15 for a series of courses presented by the CDFA Training Institute. CDFA Virtual Summer School will offer five different training courses, all held online. Learn from our expert practitioners and experience CDFA's most interactive educational event of the year – all from the comfort of your home or office! All CDFA Virtual Summer School courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program.

Delaware County, PA Announces $1M Grant for Brownfield Revolving Loan Fund
The Delaware County Redevelopment Authority (DCRDA) Board will receive $1 million in Brownfields funds from the U.S Environmental Protection Agency (EPA)'s Revolving Loan Fund (RLF) Grant Program. The EPA's RLF Grants provide funding for loans or subgrants for community stakeholders to carry out cleanup and other activities at brownfield sites. DCRDA received the maximum possible award to launch the County's Revolving Loan Fund.

New York Department of State Offering $26M for Municipalities
The New York Department of State is offering more than $26 million in funding to municipalities for a variety of planning, revitalization, and efficiency programs. The five programs include Smart Growth Community Planning and Zoning, Countywide Resiliency Planning, Brownfield Opportunity Area, Local Waterfront Revitalization, and Local Government Efficiency.

EPA Awards $65M for Cleanup of Navajo Abandoned Uranium Mines
The U.S. Environmental Protection Agency (EPA) awarded Tetra Tech the second Navajo Area Abandoned Uranium Mines Response, Assessment, and Evaluation Services (RAES) contract, worth $65 million, to address risks to public health and the environment from former mines on Navajo land. Under this contract, Tetra Tech will focus on providing technical support to EPA through all stages of work addressing abandoned Navajo uranium mines.

$3M For Downriver Community Conference Brownfield Cleanup in Michigan
In addition to the $13 million in U.S. Environmental Protection Agency (EPA) funds already awarded, the Downriver Community Conference Brownfield Coalition Brownfield Revolving Loan Fund (RLF) has been selected to receive this additional $3 million through the Bipartisan Infrastructure Law (BIL) because it has a high-performing RLF program with significantly depleted funds.

EPA Provides $11M in Brownfields Funding for 7 Alaska Projects
The U.S. Environmental Protection Agency (EPA) announced $11.8 million from President Biden's Investing in America Agenda to expedite the assessment and cleanup of seven brownfield sites in Alaska while advancing environmental justice. Alaska's communities will receive EPA Brownfields funding through the Multipurpose, Assessment, Revolving Loan Fund, and Cleanup Grant programs as well as the Technical Assistance to Brownfields Communities Program. 

Upcoming Events
Intro Tax Increment Finance Course

CDFA // BNY Mellon Development Finance Webcast Series: Advancing Equitable Economic Development with Affordable Housing
June 20, 2023 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, panelists will demonstrate how investment in affordable housing advances equitable economic development with a discussion of innovative financing approaches that can help these projects succeed.

2023 Equitable Lending Learning Series: Fund Capitalization
June 27, 2023 - 1:00 PM - 4:00 PM Eastern
During this event in the Equitable Lending Learning Series, speakers will discuss how loan funds are traditionally capitalized, provide best practices for establishing and growing loan funds, and share examples of programs that offer an evergreen source of capital to their community.

Brownfields Financing Headlines

Rawlins, WY Receives $500K for Brownfield Revitalization
Gillette News Record | Jun. 2 | Brownfield Financing | Community Development | Redevelopment

City of Atlanta, GA Gets $2M for Cleanup of Chattahoochee Brick Site
Rough Draft Atlanta | Jun. 2 | Brownfield Financing | Community Development | Infrastructure Finance | Redevelopment

EPA Awards $500K for Cleanup, Revitalization of Abandoned Properties in North Dakota
U.S. Environmental Protection Agency | May. 30 | Brownfield Financing | Revolving Loan Funds (RLFs)

Great Falls, MT Development Authority Receives $500K in EPA Funds for Brownfields Projects
The Electric | May. 30 | Brownfield Financing | Community Development | Energy Finance | Redevelopment

$1M Federal Grant to Help Fund Brownfield Cleanups in Keene, NH
New Hampshire Business Review | May. 30 | Brownfield Financing | Community Development | Redevelopment | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

EPA Announces $12M for Brownfields Job Training Grants
U.S. Environmental Protection Agency | May. 30 | Access to Capital | Brownfield Financing | Development Finance Toolbox | Legislative | U.S. Environmental Protection Agency (EPA) | Legislative Activities

Chicago, IL Communities Receive $7M in Funding to Clean Up Brownfield Sites
13 WREX | May. 25 | Brownfield Financing | Community Development | Redevelopment | Revolving Loan Funds (RLFs)

Sun Prairie, WI City Council OK's Agreement for Commercial Building on Brownfields Site
Sun Prairie Star | May. 22 | Brownfield Financing | Economic Development | Redevelopment | Tax Increment Finance (TIF)

$416M Mixed-Income Development Breaks Ground on Brownfield Site in New York's Upper Manhattan Neighborhood
Multihousing News | May. 16 | Bond Finance | Brownfield Financing | Economic Development | Redevelopment | Tax Credits

Alabama House Passes Brownfield Development Bill
Alabama Political Reporter | May. 12 | Brownfield Financing | Economic Development | Redevelopment

Remediation of Property Nearly Complete in Curwensville, PA
The Progress News | May. 12 | Brownfield Financing | Community Development | Redevelopment

Cuyahoga, OH Council Approves $500K for Environmental Testing on Brownfield
Cleveland.com | May. 10 | Brownfield Financing | Economic Development | Redevelopment

City of Tulsa, OK and Partner Tulsa Seeking Proposals for Environmental Cleanup Funding
News On 6 | May. 2 | Brownfield Financing | Economic Development | Local Finance Program | Redevelopment | Revolving Loan Funds (RLFs)

Old General Electric Building Makeover Set to Bring Hundreds of Jobs in Euclid, OH
News 5 Cleveland | May. 2 | Brownfield Financing | Economic Development | Redevelopment

City and State Turn Efforts to Cleaning Up Brownfields in Chattanooga, TN
WTVC | May. 1 | Brownfield Financing | Local Finance Program | Redevelopment | Urban Development



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
info@cdfa.net

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CDFA National Sponsors

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  • Z. The Bond Buyer
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