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CDFA Brownfields Finance Update - July 2, 2019

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Brownfields Financing Update
July 2, 2019
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Brownfields Finance Update

Features

EPA to give $64.6M in Funding to 149 Communities for Brownfields
U.S. Environmental Protection Agency announced that 149 communities have been selected to receive 151 grant awards totaling $64,623,553 million in EPA Brownfields funding through the Multipurpose, Assessment, and Cleanup (MAC) Grant Programs. These funds will aid under-served and economically disadvantaged communities.

NJ Governor Announces Tax Incentives Plan Including New Brownfields Program
New Jersey Governor Murphy announced a plan to revamp New Jersey's economic development tax incentives programs, including proposed legislation to establish new incentive programs to incentivize certain redevelopment and other economic activities.

EPA Awards $9.3M in Supplemental Funds for Brownfield Cleanup
The U.S. Environmental Protection Agency announced $9.3 million in supplemental funding for 24 current successful brownfields revolving loan fund (RLF) grantees. The supplemental funds are going to communities that have demonstrated success in using their RLF to clean up and redevelop brownfield sites.

EPA Awards Pacific Northwest $4.6M in Brownfield Funding
The U.S. Environmental Protection Agency is announcing that nine Northwest and Alaska communities have been selected to receive a total of $4.59 million to assess and clean up contaminated properties under the agency's Brownfields program.

EPA Announces $3.9M in Brownfields Grants for Pennsylvania
The U.S. Environmental Protection Agency is announcing $3.9 million for nine Brownfields grants in Pennsylvania. These are nine of the 149 communities selected to receive 151 grant awards totaling $64.6 million in EPA Brownfields funding through our Multipurpose, Assessment, and Cleanup (MAC) Grant Programs.

EPA Announces $2.4M in Brownfield Funding for WV
The U.S. Environmental Protection Agency (EPA) is announcing $2.4 million to support seven Brownfields grantees in West Virginia. These funds will aid under-served and economically disadvantaged communities in opportunity zones and other parts of the country in assessing and cleaning up various properties.

EPA Brownfields Funding Announced $2.2M for Five Communities in Georgia
Five communities in Georgia were selected to receive grant funding for community-wide Brownfields assessment activities and cleanup planning. Brownfields grants have been shown to increase local tax revenue, residential property values, add jobs, and increase public/private funding.

EPA Targets Opportunity Zones for Cleanup
The Environmental Protection Agency (EPA) has targeted 149 communities to receive $64.6 million in funding for brownfields, assessment and cleanup grants to aid contaminated properties nationwide. Of the communities selected for the grants, 72.5% (108) are Qualified Opportunity Zones.

CDFA Brownfields Technical Assistance Program


Brownfields Financing Headlines

Kalamazoo, MI Apartment on Brownfield Utilizes Bonds, Tax Credits
Grand Rapids Business Journal | Jun. 27 | Bond Finance | Brownfield Financing | Housing Finance | Tax Credits

Brownfield Redevelopment in CT Thriving Thanks to Concerted Efforts
CT Post | Jun. 4 | Brownfield Financing | State Finance Program

Four Communities in Indianapolis, IN to Receive $1.5M in Funding for Brownfields
EPA | Jun. 5 | Brownfield Financing | U.S. Environmental Protection Agency (EPA) | Urban Development

EPA Announced 3 Communities in WI to Receive $1.9M in Funding for Brownfields
EPA | Jun. 5 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

EPA Awarded Two Communities in Chicago, IL $1M in Brownfield Funding
EPA | Jun. 5 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

EPA Awarded Four Cleveland, OH Communities $1.6M in Funding for Brownfields
EPA | Jun. 5 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

EPA Awards $1.4M in Brownfield Funding for NH
EPA | Jun. 5 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)


Highlights from the Online Resource Database

Brownfields: Properties with New Purpose
Brownfield Financing
EPA's Brownfields Program provides direct funding for brownfields assessment, cleanup, revolving loans, environmental job training, technical assistance, training, and research. To facilitate the leveraging of public resources, EPA's Brownfields Program collaborates with other EPA programs, other federal partners and state agencies to identify and make available resources that can be used for brownfield activities.


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


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