GFDA Brownfield Loan Fund
GFDA Brownfield RLF
The GFDA’s Brownfield RLF is available for individuals and businesses seeking to reuse and/or redevelop ‘brownfield sites’.
According to the U.S. Environmental Protection Agency’s website, a brownfield is defined, “With certain legal exclusions and additions, the term “brownfield site” means real estate, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant.”
The goals of the Brownfield RLF include assisting individuals and businesses that will create jobs and increase the tax base by reusing or redeveloping a brownfield site. It will do this by providing low cost loans and grants for eligible projects in the Brownfield RLF service area.
Eligibility requirements include providing evidence that you or your business were/are:
• Located within Cascade County;
• Not responsible for the contamination of the proposed project land/facility;
• Not transporters of contaminating materials (e.g. gasoline, asbestos, etc) to the project land/facility; and
• Have a written redevelopment or reuse plan.
• Leaking Underground Storage Tanks (LUST) related projects will not qualify for RLF funding.
Final project approval is made by the United States Environmental Protection Agency. Please contact fund project manager Lillian Sunwall at 771-9024 for more information, or to determine if your project is eligible for a Brownfield RLF loan or grant.