| Brownfields Redevelopment Fund |
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| A loan and grant financing program |
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A Brownfield is
real property where expansion or redevelopment is complicated by actual or perceived environmental contamination. The benefits of redeveloping brownfields include: promoting economic development; enabling efficient land use; minimizing the construction of new service infrastructure; facilitating the resolution of environmental justice issues; and protecting environmental and human health. |
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| Purpose |
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The fund's primary purpose is to assist private persons and local governments to to evaluate, cleanup and therefore redevelop brownfields. This program is capitalized by proceeds from the sale of state revenue bonds.
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| Eligible applicants |
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Any individual, business, non-profit organization, prospective purchaser, municipality, special district, port or tribe may make application to the Brownfields Redevelopment Fund. For program purposes there are two types of applicants: 1) municipal and 2) non-municipal. Cities, counties, tribes, ports and special districts are municipal applicants. All other applicants are non-municipal.
Note: Any applicant under an active enforcement order relating to the contamination at the site receiving the environmental action is not eligible to apply for funding assistance from the Brownfields Redevelopment Fund.
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| Eligible projects |
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Environmental actions funded through this program must be linked to site redevelopment that facilitates economic development or community revitalization. Examples of eligible redevelopment projects the program will support include business development projects, industrial lands capacity projects, community facility projects and downtown or mixed use center revitalization projects. Examples of ineligible projects include market rate housing projects and cleanup projects not associated with redevelopment.
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