[CPEO-BIF] EPA Awards $71 million in brownfield grants

["Robert Hersh" <b_hersh@verizon.net>]

Webwire
5/14/07

Communities in 38 states will receive brownfields grants to help revitalize
former industrial and commercial sites, turning them from problem properties
to productive community use. Two territories and five tribal nations also
will share the $70.7 million from the U.S. Environmental Protection Agency.

This year, 202 applicants were selected to receive 294 assessment, revolving
loan fund, and cleanup grants. The $70.7 million will provide:

189 assessment grants totaling $36.8 million to be used to conduct site
assessment and planning for eventual cleanup at one or more brownfields
sites or as part of a community-wide effort.

92 cleanup grants totaling $17.9 million to provide funding for grant
recipients to carry out cleanup activities at brownfields sites they own.

13 revolving loan fund grants totaling $16 million to provide funding for
communities to capitalize a revolving loan fund and to provide subgrants to
carry cleanup activities at brownfields sites. Revolving loan funds are
generally used to provide low interest loans for brownfields cleanups.

For the entire article, see:
http://www.webwire.com/ViewPressRel.asp?aId=36094


Bob Hersh
CPEO



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