Financial Assistance With Brownfield Redevelopment

There are a number of informational resources to help you determine the most appropriate way to finance a Brownfield project.

Brownfield Funding Announced: Call for Applicants — The Iowa Brownfield Redevelopment Program is currently accepting applications for funding assistance. The program has $500,000 available for the acquisition, remediation, and redevelopment of qualified brownfield sites.
EPA Brownfields Money Matters [www.epa.gov/swerosps/bf/mmatters.htm] — A one-stop shop on brownfield cleanup financing.
Financing Brownfield Cleanup and Redevelopment Options [www.nemw.org/brownfin.htm] — Evaluated by the Northeast-Midwest Institute.
Department of Housing and Urban Development (HUD) Brownfield Programs [www.hud.gov/cpd/econdev/bedihome.html] — Subsidized loan guarantee funds and project visibility/security.
Economic Development Administration (EDA) [www.doc.gov/eda/html/2b4_3_brownfields.htm] — The U.S. Department of Commerce's examples of EDA funded brownfield projects.
Brownfields Tax Incentives [www.epa.gov/swerosps/bf/html-doc/taxfact.htm] — Outline of how federal tax incentives make environmental cleanup costs fully deductible.
Community Development Financial Institution Fund (CDFI) [www.treas.gov/cdfi/programs/] — Assistance for cleanup efforts in distressed urban and rural areas.
Community Development Division (OCC) [www.treas.gov/cdfi/programs/] — Guidance for federally chartered commercial banks involved in brownfield redevelopment.
U.S. Federal Deposit Insurance Corporation (FDIC) [www.fdic.gov] — Ensures equal access to credit, promotes public-private partnerships for community revitalization, sponsors seminars on the Community Reinvestment Act (CRA) and fair lending laws.
Federal Housing Finance Board [www.fhfb.gov] — Ensures integrity of the Federal Home Loan Bank (FHLB) System and funds a number of programs targeted to banks to support community-oriented lending, economic development, subsidizes interest rates and loans, and funds the purchase of taxable and tax-exempt bonds.
Iowa Brownfield Redevelopment Program [http://www.legis.state.ia.us/Rules/2003/iac/261/26165/26165.pdf]
Iowa Administrative Code [MS Word: 28k]

To Learn More:

Phone: 515.242.4901 or 800.245.IOWA
E-mail: regulatoryassistance@iowalifechanging.com

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