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- Brownfields, LoanAg#1.Final.071801, 7-18-2001. Sample Loan Agreement #1 - Epa
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Thereon FAQ
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Brownfields RLF provide low interest loans to local governments, non-profits, tribes, ports, and private businesses undertaking clean-up of contaminated properties. The loans provided through the Brownfields RLF Program fund the remediation required for cleanup on sites to support redevelopment.
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Examples include lands that are formerly used for commercial and industrial purposes, such as former gas stations, former dry cleaning establishments, metal plating facilities, abandoned factories, former factories, and landfills, among others.
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The U.S. EPA typically provides up to $200,000 each on a competitive basis to local governments, states, tribes, and such entities as redevelopment agencies, regional councils, and land clearance agencies to fund a variety of pre clean-up activities needed to spur redevelopment for brownfields.
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EPA's Brownfields Program provides direct funding for brownfields assessment, cleanup, revolving loans, environmental job training, technical assistance, training, and research.
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The study found that when housing and job growth is accommodated by redeveloping existing brownfields sites, the expansion of paved impervious surfaces and average vehicle miles traveled (VMT) per capita/per job are reduced as compared to accommodating the same amount of growth on previously undeveloped sites.
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A brownfield site is easily placed into a state voluntary cleanup program, whereas Superfund sites are bound by the federal process, which requires much greater agency oversight and longer remediation periods.
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: a tract of land that has been developed for industrial purposes, polluted, and then abandoned.
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For a petroleum-contaminated site that otherwise meets the definition of a brownfield site to be eligible for funding, EPA or the state must determine: 1. There is no viable responsible party. 2. The site will not be assessed, investigated, or cleaned up by a person that is potentially liable for cleaning up the site.
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