Where can I find funding for brownfield remediation and redevelopment?
The NJDEP works with the NJ Economic Development Authority (EDA) in the implementation of the Hazardous Discharge Site Remediation Fund (HDSRF). The legislature created the HDSRF in 1993 to provide loans and grants to municipal governmental entities, the New Jersey Redevelopment Authority (NJRA), and private parties. HDSRF funding is devoted to remediating discharges of hazardous substances. Over the past ten years the HDSRF provided over $100,000,000 for remediation of over 1000 sites. • http://www.nj.gov/dep/srp/finance/hdsrf/ • http://www.njeda.com/brownfields.asp Under the Brownfield and Contaminated Site Remediation Act (BCSRA) [pdf] a developer that enters into a redevelopment agreement may potentially recoup up to 75% of his or her cleanup costs. The New Jersey Commerce and Economic Growth Commission and the Department of Treasury, in consultation with NJDEP, negotiate and approve redevelopment agreements. For general information on state programs dedicated to brownfield reuse i
