A Guidebook of Financial Tools: Paying for Environmental Systems was revised in 2008 and is a product of a collaborative effort among the U.S. Environmental Protection Agency’s (EPA) Environmental Finance Program, the Environmental Financial Advisory Board, the university-based Environmental Finance Center Network, and other contributors. Section 9, Tools for Financing Brownfields Redevelopment, evaluates financing tools that the federal government, states, communities, and private sectors can use to finance Brownfields cleanup and redevelopment. The tools include:
- Traditional governmental assistance programs.
- Bold new initiatives that target Brownfields sites and disadvantaged communities.
- Innovative private sector arrangements.
- Risk limitation techniques.
- Tax incentives.
- Use of the Clean Water State Revolving Fund (CWSRF).
Most of the financing tools presented are deeply rooted in local community goals, and include the public and private sectors in a variety of different types of financing arrangements. For each of the 20 tools below, the Guidebook includes a description, actual use, potential use, advantages, limitations, and a reference(s) for further information.
- U.S. Environmental Protection Agency: Brownfields Program
- U.S. Environmental Protection Agency: Brownfields Workforce Development
- U.S. Environmental Protection Agency: Brownfields Grants
- U.S. Environmental Protection Agency: Clean Water State Revolving Fund Brownfields Loans
- State Voluntary Cleanup Programs
- U.S. Department of Housing and Urban Development and U.S. Department of Health and Human Services: Round I and II Empowerment Zones
- U.S. Department of Housing and Urban Development: Brownfields Economic Development Initiative Grants
- National Brownfields Associations
- Environmental Risk Management in the Real Estate Industry
- Industrial Development Funds
- State Brownfields Programs
- Land Recycling
- Real Estate Investment Trusts
- Tax Abatements
- Tax Incentives for Brownfields Cleanup and Redevelopment
- Transferable Development Rights
- Environmental Insurance
- Landowner Liability Protections
- Clean Land Fund
- Community Development Financial Institutions
EPA’s Brownfields website provides resources for:
- Basic information
- Competitive grant fund information
- Technical assistance, tools, and research
- State and tribal response programs
- Initiatives and partnerships
- Other resources
Environmental Finance assists states, tribes, nonprofit organizations, and the private sector to identify financing mechanisms in support of environmental programs and policies that protect human health and the environment.
Grants.gov provides organizations with the ability to search for federal government grant opportunities.
Additional EPA guidance documents may be helpful when searching for additional leveraged resources, such as the 2015 Federal Brownfields Programs Guide and Setting the Stage for Leveraging Resources for Brownfields Revitalization.