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| The Idaho Brownfields Revolving Fund | |||||||||||||||||||||||||||||||||||||||
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Many factors can affect the redevelopment of brownfields properties, including site ownership, the value of the property, regulatory requirements, potential for future site use, community support, and the actual cleanup itself. The EPA established the Brownfields Economic Redevelopment Initiative to creatively address these concerns and fund actual cleanup, thereby providing a much greater opportunity for states, local governments, and public and private developers to return brownfields properties to a useful purpose. In addition, both the federal government and the State of Idaho offer tax incentives for brownfields redevelopment. As part of this EPA Initiative, the Reuse Idaho Brownfields Coalition has been granted $3,000,000 to establish the Idaho Brownfields Revolving Loan Fund (BRLF). This Loan Guide provides information about the BRLF, including site and borrower eligibility, allowable cleanup costs, and the loan application process. It is intended to serve as a resource in determining whether your project qualifies for a BRLF loan. Basic loan terms and conditions are discussed. Should you decide to proceed with a loan application or need additional information, please contact the Reuse Idaho Brownfields Coalition member for your area. |
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