EPA Allocates Supplemental Funds for Brownfield Cleanup and Redevelopment
The EPA announced that $15 million in supplemental funds are to be used for the cleanup and redevelopment of brownfield sites across the country. Monies fall under the Revolving Loan Fund (RLF) and will aid 41 communities in brownfield clean-up and redevelopment projects.
Brownfield cleanup and redevelopment protects human health and the environment. It also helps create jobs. The EPA estimates that its brownfield investments have leveraged over twenty-billion dollars in cleanup and redevelopment funding, which on average, amounts to $17.79 per EPA Brownfields grant dollar spent. This funding comes from both the public and private sectors and has supported 90,000 jobs.
RLF funding is awarded to communities with a successful track-record with brownfield redevelopment. Assistant administrator for the EPA’s Office of Solid Waste and Emergency Response, Mathy Stanislais, said “The RLF supplemental recipients are some of the nations top performers [in brownfield redevelopment]. Collectively, these communities have already leveraged more than $2.5 billion in clean up and redevelopment investment – the RLF funding announced today will help sustain that incredible process.”
The news release explains that the RLF allows grant recipients to provide sub-grants and loans to others for cleanup and redevelopment processes. The EPA describes the processes as follows: “When these loans are repaid, the loan amount is then returned to the fund and subgranted or re-loaned to other borrowers, providing an ongoing source of capital within a community for additional cleanup of brownfield sites. The supplemental grants range in funding from about $200,000 to $400,000 with an average grant award of $300,000.”
Examples of brownfield redevelopment projects that are supported by this year’s supplemental funds follow (as published in the EPA news release) :
The EPA estimates that there are 450,000 abandoned and contaminated sites in the US. The Brownfields program “targets these sites to encourage redevelopment, and help to provide the opportunity for productive community use of contaminated properties.”
The official EPA press release is available on its website.
The EPA states that its Brownfield Redevelopment Program “empowers states, communities, and other stakeholders to work together to prevent, assess, safely clean up, and sustainably reuse brownfields.” Follow this link for more information about the Brownfields Redevelopment Program and the RLF.