Financing an environmental cleanup or redevelopment can be challenging.
Many issues impact financing and funding opportunities including
known responsible parties, ownership, jurisdiction (Federal or State),
the State in which the site is located, the funding program requirements
and the knowledge and willingness of banks and insurance providers.
In addition, there are a wide variety of specific programs available
to municipalities and to businesses.
Successful financing of environmental cleanups are often the result
of leveraging resources at each level: Federal, State and Private.
Knowledge about the type of funding needed will expedite utilizing
theses resources. A Financing
Questionnaire can be completed to help focus the financing opportunities.
There are a various types of federal
funding mechanisms including: Block/Formula Grants, direct loans,
guaranteed/insured loans, insurance, project grants, sale, Exchange,
or Donation of Property and Goods, Superfund trust fund, the Superfund
Program, and Technical Assistance Programs. There funding opportunities
are available from a variety of Federal
financing sources including: Environmental Protection Agency,
Department of Agriculture, Department of Commerce, Department of
Defense, Department of Energy, Department of Housing and Urban Development,
Department of Interior, and the Department of Transportation.
There are also a wide variety of State
programs, depending on the State of interest, including: Industrial
development funds, revolving funds, State grants, tax abatement, tax incentives, tax-increment financing, environmental
liability releases, transferable development rights, and trust funds.
Financing solutions also includes private
funding sources such as banks, lenders, and foundations. Finally,
may be the answer to secure funding sources.
Regardless of the mechanism, funding and financing solutions are
For more information
Money Matters - EPA information on federal funds available for
and Private Financing for Brownfield Redevelopment
South and Southwest HSRC's web page provides useful information
about federal and private funding.
find resources related to FINANCING, click on the following icons: