Other Funding Sources

Other Brownfield funding Sources

 

Understanding Other Funding Sources — In addition to funds provided by the Nevada Brownfields Program, Nevada's communities may access a variety of other monies for their brownfields redevelopment projects. Some of these monies are brownfields specific, but brownfields projects may also benefit from sources of funding which are not brownfields specific.

Direct funding from USPA — Targeted Brownfields Assessment — Like the state's Targeted Site Assessment program, US EPA Region IX may provide assessment services with their federal monies for brownfields projects in the State of Nevada. For more information on the federal Targeted Brownfields Assessment program, see USEPA's website.

Assessment — Assessment grants provide funding for a grant recipient to inventory, characterize, assess, and conduct planning and community involvement related to brownfield sites. An eligible entity may apply for up to $200,000 to assess a site contaminated by hazardous substances, pollutants, or contaminants (including hazardous substances co-mingled with petroleum) and up to $200,000 to address a site contaminated by petroleum. The performance period for these grants is two years.

Job Training — Available only for established Brownfields Assessment Demonstration Pilots, these funds are to be used to bring together community groups, job training organizations, educators, investors, lenders, developers, and other affected parties to address the issue of providing training for residents in communities impacted by brownfields. The goal is to facilitate cleanup of brownfields sites contaminated with hazardous substances and prepare the trainees for future employment in the environmental field. For more information on applying for this program and the application, see USEPA's website.

Brownfields Cleanup Revolving Loan Fund (BCRLF) — Available to any community with projects receiving funding through a federal or state brownfields program, the purpose of the BCRLF pilot is to enable communities to facilitate the cleanup and redevelopment of brownfields properties. In particular, these pilots will test revolving loan fund models that facilitate coordinated public and private cleanup efforts.

Financial assistance provided to a BCRLF recipient may be awarded in an amount up to $1,000,000 per eligible entity. Communities may either apply directly to the EPA for the BCRLF but are encouraged to submit their application as a coalition partner with the revolving loan fund already being operated by the State of Nevada. For more information on the federal TBA program, see USEPA's website.


The Brownfields National Partnership Action Agenda — The Brownfields National Partnership was established in 1996 to protect public health and the environment, clean up contaminated properties, build economic viability, and create job opportunities. The commitments made by the 25 organizations representing more than 15 participating Federal agencies are known as the Brownfields National Partnership Action Agenda. The commitments include a variety of funding capabilities and technical guidance provided for brownfields projects by these agencies, ensuring that almost any of the diverse brownfields redevelopment project possibilities can benefit from further federal funding assistance.

Brownfields related projects which involve a transportation component may be eligible for funding from the Department of Transportation; affordable housing projects could benefit from monies set aside specifically for brownfields by Housing and Urban Development; and nearly all brownfields investors can benefit from the Department of Treasury's effort to pass brownfields tax incentives.
 

Department of Housing and Urban Development — HUD is one of the major players in economic revitalization involving brownfields projects. Non-brownfields-specific funding mechanisms administered by HUD, including Section 108 loan guarantees, Community Development Block Grants, and Empowerment Zone/Enterprise Community designations, can all be leveraged by brownfields projects. HUD also offers brownfield-specific grants to help in this process. Go here for general information on the role of HUD in the brownfields program

Brownfields Economic Development Initiative (BEDI) Grants — BEDI funds can support a wide variety of activities in communities. For example, a local government may use BEDI funds to address site remediation costs, or a local government may use a combination of Section 108 and BEDI funds to acquire a brownfield property and convey the site to a private sector party at a discounted price from its purchase price. The redevelopment focus for BEDI-assisted projects is prompted by the need to provide additional security for the Section 108 loan guarantee beyond the pledge of CDBG funds. These funds are similar to the EDI funds offered by HUD. Go here for more information on applying for a BEDI grant.

Economic Development Administration provides substantial grants for brownfields redevelopment in distressed areas. These funds can be accessed through local Economic Development Authorities.

Other Miscellaneous Federal Development Grants

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