Government Funding Sources

I recently went to a conference put on by the Center for Creative Land Recycling in San Francisco called Creating Vibrant Communities: Redeveloping California’s Brownfields. There were some interesting things that I learned especially about grant and funding sources for dealing with contaminated properties. The City of Emeryville has a lot of brownfields sites, they hired Ignacio Dayritt to find them money to help ease the burden on taxpayers. You can check out some of these if they seem interesting:

Brownfield Tax Expensing Provision – This is an incentive for cleanup, maintaining, and monitoring costs. It enables developers to deduct environmental cleanup costs in the year they incur them.
Underground Storage Tank Cleanup Fund – If you are a reader of this blog, you have heard about this one. But it is a State fund that pays for cleanup from leaks in USTs containing fuel. There are restrictions, but it can cleanup up to $1.5M with a small deductible.
California Reuse Forgivable Loan Program – Provides low interest, forgivable loans up to $125,000 for environmental site assessments.
Targeted Site Investigation Program – The DTSC will provide municipalities upt to $100,000 in free site assessment.
US EPA Brownfield Grants – provides municipalities and non-profits various grants for Assessment, Revolving Loan Funds, and Cleanup Grants
HUD BEDI – Brownfield Economic Development Initiative targets grants for brownfields to housing redevelopment.
There are a host of funding opportunities, especially for government and non-profits. If you want more information, just give us a call.