| From: | CPEO Moderator <cpeo@cpeo.org> |
| Date: | 7 Jun 2002 04:19:42 -0000 |
| Reply: | cpeo-brownfields |
| Subject: | [CPEO-BIF] [CPEO-MEF] Brownfields Legislation Passes the House |
Brownfields Legislation Passes the House WASHINGTON, DC, June 5, 2002 (ENS) - The House of Representatives has passed legislation that would promote the cleanup and redevelopment of brownfields - contaminated, abandoned industrial sites. By a unanimous voice vote, the House passed the Brownfields Redevelopment Enhancement Act of 2001 (HR 2941), designed to improve local communities' flexibility in redeveloping brownfields properties. "The purpose of H.R. 2941 is to provide cities with new financing options for brownfields redevelopment," said Representative Gary Miller, the California Republican who drafted the legislation. The bill separates the Housing and Urban Development (HUD) department's Brownfields Economic Development Initiative (BEDI) grants from its Section 108 loan guarantee program. Under current law, in order to access a BEDI grant, cities must first obtain a Section 108 loan guarantee that is secured by its Community Development Block (CDBG) grant. Because CDBG grants are the largest source of federal assistance to state and local governments for community development activities, cities are reluctant to use these funds as loan collateral. As a result, the BEDI grant program has been difficult to access. This article can be viewed in its entirety at: http://ens-news.com/ens/jun2002/2002-06-05-09.asp#anchor1 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To read CPEO's archived Brownfields messages visit http://www.cpeo.org/lists/brownfields If this email has been forwarded to you and you'd like to subscribe, please send a message to cpeo-brownfields-subscribe@igc.topica.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ==^================================================================ This email was sent to: cpeo-brownfields@npweb.craigslist.org EASY UNSUBSCRIBE click here: http://igc.topica.com/u/?aVxieR.a3Z0sy Or send an email to: cpeo-brownfields-unsubscribe@igc.topica.com T O P I C A -- Register now to manage your mail! http://www.topica.com/partner/tag02/register ==^================================================================ | |
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