ctbrownfields: Connecticut Brownfield Revolving Loan Fund

CT Brownfield Revolving Loan Fund (CBRLF)

Purpose: to encourage redevelopment of properties that have been contaminated with hazardous waste or petroleum

Source of Funds: U.S. Environmental Protection Agency (EPA)

Use of Funds: environmental cleanup of non-residential properties

Eligibility:

Communities: statewide with priority to distressed municipalities

Applicants:

non-profit organizations, municipalities or for-profit businesses
applicants or owners must not be the responsible party of the contamination

Property:

must have been purchased after 9/11/02
Environmental Site Assessment studies are available and recent and include a remediation estimate provided by a CT Licensed Environmental Professional (LEP)

Financial:

owner or project income must support loan repayment
grants are provided to non-profits and municipalities only for the purpose of land preservation, open space or for a community use
applicant must contribute at least 20% toward the project
collateral is required
loans require repayment within (7) years with terms to fit the project

Other Requirements:

enrollment in the CT DEP Voluntary Remediation program
an EPA Quality Assurance Project Plan

Contact: We encourage you to phone Brian Dillon at (860) 270-8095 to discuss the details of your project or you may request assistance via email at: Brian.Dillon@ct.gov

Content Last Modified on 10/22/2009 1:52:18 PM