|From:||"Kristen J. Sarri" <email@example.com>|
|Date:||15 Jun 1998 09:05:15|
|Subject:||Satellite Broadcast on HUD Financing for Brownfields Redevelopment|
Brownfields were an important part of a communitys economic foundation and these sites can again be vehicles of urban renewal. Communities must often overcome serious financial and environmental barriers to redevelop brownfields. HUDs Community Development Block Grant and Section 108 loan guarantee programs along with the Departments new Brownfields Economic Development Initiative are flexible sources of funding for brownfields redevelopment. This year, HUD has available $25 million in competitive Brownfields Economic Development Initiative (BEDI) grants to stimulate public and private investment in brownfields redevelopment. The satellite broadcast will tell you how HUDs economic development programs can help your community redevelop brownfields, and it will describe the BEDI application process. Also, we will look at how the Philadelphia Industrial Development Corporation is using HUDs Section 108 loan guarantee program to turn brownfields into economic assets by restoring abandoned buildings in downtown Philadelphia and spurring business development on brownfield properties. Satellite Coordinates: C-Band GE-1C, Transponder 1; 3,720 MHz, Horizontal. This satellite is located at 103 Degrees West Longitude Satellite broadcasts may be viewed at HUD Offices. To find a viewing station near you or to order a video of this broadcast, call Community Connection at 1-800-998-9999. Visit the HUD Brownfields web site at: www.hud.gov/bfield.html
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