Brownfields Revolving Loan Fund
GFDA’s Revolving Loan Fund can make subsidized loans and subgrants for cleanup brownfield sites in Cascade County. The RLF is a flexible, low-interest alternative to a traditional loan.
WHO IS ELIGIBLE TO APPLY FOR ASSISTANCE?
- Any private or public entity with control or access to the brownfield site is eligible to apply for a loan. The loan applicant does not need to own the site.
- States, municipalities, Tribes, non-profits, redevelopment agencies and other quasi-governmental entities created by the state or municipalities may apply for both loans and subgrants.
- You are not eligible for assistance if you were the past owner or operator during release of contamination, if you caused or contributed to the contamination, if you generated or transported the contamination, or if you purchased the site without perming All Appropriate Inquiry, including Phase 1 Environmental Site Assessment.
WHY USE THE BROWNFIELD RLF?
The Brownfield RLF offers grants and/or loans in combination with others sources of funds. Loans are at low interest rates and have flexible repayment and collateral terms. This low-cost financing for the cleanup of eligible properties helps a project reach reuse and redevelopment.
STEPS TO REQUEST RLF ASSISTANCE
- For questions about the RLF, or to discuss your project, contact Lillian Sunwall at 406-750-1253
- EPA will review a Site Eligibility Form specific to the RLF. Sites previously eligible for Assessment require new eligibility review.
- GFDA committees will review the application form and authorize use of funds based on need, benefit of the proposed redevelopment to the community, and matching contributions offered by the landowner. Minimum requirement is matching funds at 20% of RLF contribution. Match can be cash, non-federal grants, in-kind labor, equipment services, or materials for EPA-eligible environmental expenses.