Is there any brownfields funding available and from whom?
This is one of the central differences between the federal and state brownfields programs. Although the state brownfields program has no upfront funding available to private party prospective developers, a brownfields agreement obtained from the program entitles the developer to a property tax exclusion on the improvements made to the property for a period of five years. This exclusion can more than pay for assessment and cleanup activities on many projects. See our Tax Incentive FAQ for more information on how it is applied. The U.S. Environmental Protection Agency does have competitive brownfields grants for the assessment and cleanup of brownfields properties as well as grants for setting up local revolving loan funds. Limited funds are also available for job training grants, also on a competitive basis. Under this brownfields grants program, North Carolina local government entities have been awarded millions of dollars for brownfields activities. This list includes Charlotte, Winst
Related Questions
- If funds have been expended at a site under an EPA cleanup grant, can additional brownfields funding be provided for additional cleanup work at the same site?
- What are the requirements to apply for brownfields funding through EPA and DEQ?
- How do I apply for Brownfields funding and what can it be used for?
