Financial Tools

Financial Incentives

Remediation costs and process, benefits

Brownfield Site Assessment Grants Info

Financial Incentives

    Indiana Brownfield Program
 

Currently, the Indiana Brownfields Program offers the following financial incentives, which may be applied for online

Stipulated Site Assessment Grants

Stipulated Assessment Grants (SAG) are available to political subdivisions to perform site assessment and investigative activities at eligible Brownfield sites. Eligible SAG activities include Phase I and Phase II Environmental Site Assessments, lead paint surveys and asbestos surveys. The maximum available SAG award is $100,000 per applicant, per round. There are generally two rounds per year; one in the fall and one in the spring.

 

Stipulated Remediation Grants

Stipulated Remediation Grants (SRG) are available to political subdivisions to finance environmental remediation costs at eligible Brownfield sites. SRG awards may not be used to remediate sites contaminated solely by petroleum, although sites contaminated by both hazardous substances and petroleum are eligible. The maximum SRG award is $400,000 per applicant per round. There are generally two rounds per year; one in the fall and one in the spring.

 

Petroleum Remediation Grants

Petroleum Remediation Grants (PRG) are available to political subdivisions to perform environmental assessment and remediation activities at eligible Brownfield sites. PRG awards may not be used to remediate sites contaminated solely by hazardous substances, although sites contaminated by both hazardous substances and petroleum are eligible. The PRG incentive was restructured in 2006 so an entity interested in applying should contact the Indiana Brownfields Program project manager assigned to its defined region (link found below).

 

Federal Matching Grants

Federal Matching Grants (FMG) are available to political subdivisions and other qualifying federal grant recipients (e.g., certain not-for-profits) that receive a U.S. Environmental Protection Agency (U.S. EPA) Brownfields grant award. The amount of a FMG award is dependent upon the type and amount of the U.S. EPA grant.

 

Brownfields Low-Interest Loans

Low-Interest Loans (LIL) are available to political subdivisions for the acquisition of and environmental assessment, remediation and demolition activities at eligible Brownfield sites. The maximum LIL is based on available funds and determined on a case-by-case basis, but in no instance will exceed 50% of funds available for loans. A LIL may also be partially forgivable such that not more than 20% of the total LIL amount may be in the form of a forgivable loan. There is no application deadline.

Trails and Parks Initiative (TPI)

The U.S. Environmental Protection Agency has selected the State of Indiana to receive $400,000 in grant funding to perform environmental site assessments at Brownfield properties contaminated or potentially contaminated with hazardous substances or petroleum products. This funding, in addition to $200,000 in matching funds provided by the IFA, will be used to establish the Indiana Brownfields Program Trails and Parks Initiative (TPI). The Indiana Brownfields Program will administer TPI and contract with qualified environmental consulting firms to perform environmental assessment activities at eligible Brownfield sites throughout Indiana where trails, parks or other green space/recreational reuse is planned. Eligible political subdivisions and non-profit organizations may apply to the Indiana Brownfield Program through a competitive process to receive these assessments. Please note that applicants will not receive monies directly; program-contracted consultants will perform assessments for the awarded applicants. The application deadline for the second round of awards will likely be summer 2008.

 

EPA Brownfields Financial Assistance

   
 
© 2007 Elkhart County Indiana, Inc. All rights reserved.
Website by Symbiont