GFDA Brownfield Revolving Loan & Grant Fund

 

1. WHAT IS A BROWNFIELD?

A Brownfield is a property on which expansion or redevelopment or reuse may be complicated by the presence or perceived presence, of contaminants. Examples include: abandoned, idled, or underused industrial or commercial properties; properties with lead based paint or asbestos; properties contaminated by controlled substances such as meth; etc Petroleum contaminated sites, Super Fund sites, sites subject to CERCLA or federal properties are not eligible.

2. WHAT ASSISTANCE IS AVAILABLE?

Revolving loan funds and grants are available to businesses in Cascade County for the cleanup and rehabilitation of Brownfield sites for the benefit of developers, the environment and the community. The RLF is a flexible, low interest alternative to a traditional loan. A maximum of $200,000 loan or grant is available per site for eligible and qualifying projects. Your project may qualify for both a $200,000 loan and a $200,000 grant.

3. 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. States, municipalities, Tribes, non-profits, redevelopment agencies and other quasi governmental entities created by the state or municipalities are eligible for loans and grants. You are NOT eligible for assistance if you are 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 gained access to the contaminated site without an All Appropriate Inquiry (Phase 1 Environmental assessment).

4. WHY USE THE BROWNFIELD RLF @ GFDA?

The Brownfield RLF offers: Grants and/or loans in combination with others sources of funds Loans are at low Interest rates and flexible repayment and collateral terms

5. WHAT IS GFDA LOOKING FOR?

Projects in West Bank Redevelopment area, Downtown and throughout Cascade County Developers and others to cleanup and redevelop or reuse brownfield properties/sites

6. WHAT ARE THE BENEFITS TO THE COMMUNITY?

Funds can be used to identify the impact of contamination, conduct cleanup, and prepare the property for reuse.

7. FURTHER INFORMATION

For more info about the Brownfields program and how to apply, please contact Lillian Sunwall – GFDA Project Manager, (406) 771-9024. GFDA can provide technical assistance and support throughout the application and cleanup processes.

“High Plains Financial, Inc. is an Equal Opportunity Lender, Provider, and Employer. Complaints of discrimination should be filed with USDA, Director, Office of Civil Rights, Room 326-W, Whitten Bldg., 1400 Independence Avenue SW, Washington, DC, 20250-9410”