Recently Congress made a historic investment in brownfields funding. The Bipartisan Infrastructure Law will invest more than $1.5 billion into the EPA’s highly successful Brownfields Program. This funding will transform countless lives and spur revitalization in communities large and small, urban, and rural. Redeveloping brownfield sites aims to keep neighborhoods healthy, sustainable, and reflective of the people who call it home.
There are several funding resources for the development of brownfield properties. The U.S. EPA provides grants and technical assistance to communities, states, tribes, and others for the following brownfields efforts:
• Brownfields Assessment: This upcoming round will provide $600 million in assessment grant funding and up to $10 million per grant for communities, states, tribes, and nonprofits to determine the extent of contamination and plan revitalization of brownfield sites.
• Brownfields Cleanup: $160 million will be provided for cleanup grants for communities, states, tribes, and nonprofits to cleanup contamination on brownfield sites. This upcoming round will not have a cost share requirement.
• Revolving Loan Fund (RLF): Provides communities, states, tribes, and nonprofits the ability to provide loans and subgrants for cleanup of contamination and revitalization of brownfield sites. The program has been allocated $160 million.
• Multipurpose Grants: Allows for communities, states, tribes, and nonprofits to conduct planning activities, environmental assessments, and cleanup activities at brownfield sites. $150 million is allocated to this program.
Click here to learn how one riverfront community is expanding their downtown through brownfields revitalization.
For more information on tackling brownfield properties in your community please contact us at your convenience.