EPA Announces $13.2 Million in Supplemental Funds to Clean up Contaminated Brownfields Sites Across the Country
WASHINGTON – On September 23rd the U.S. Environmental Protection Agency (EPA) announced approximately $13.2 million in supplemental funding to help transform communities by cleaning up contaminated Brownfields properties. Supplemental funding of the Revolving Loan Funding (RLF) will be given to 31 successful RLF grantees helping 44 communities carry out cleanup and redevelopment projects. These projects will help communities create jobs while protecting people’s health and the environment. Many of the RLF cleanups are in under-served and economically disadvantages neighborhoods - places where environmental cleanup and new jobs are most needed.
The RLF grantees provide a level of funding for cleanups that isn’t available through traditional financing options or through other brownfield grants, serving as the critical gap financing needed to jump-start the redevelopment process. RLF funding is often the last key piece of funding needed to make the cleanup and reuse of the property happen. The supplemental funding to each grantee ranges from about $250,000 to $700,000.
The grantees receiving supplemental funding this year continue to demonstrate a high-level of preparedness to undertake specific shovel ready projects and have the committed leveraged funds necessary to move projects forward. This year’s supplemental funds will support an array of cleanup and redevelopment projects across the country. For example:
There are an estimated 450,000 abandoned and contaminated sites in the United States. EPA’s Brownfields program targets these sites to encourage redevelopment, and help to provide the opportunity for productive community use of contaminated properties. Since the inception of the EPA’s Brownfields Program in 1995, cumulative brownfield program investments have leveraged more than $23.3 billion from a variety of public and private sources for cleanup and redevelopment activities. This equates to an average of $17.79 leveraged per EPA brownfield dollar expended. These investments have resulted in approximately 109,787 jobs nationwide.
More information on EPA’s Brownfields program: http://www.epa.gov/brownfields/
More information on Brownfields Revolving Loan Fund grants: http://www.epa.gov/brownfields/rlflst.htmTo find out more about this topic, click here.