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Financial Tools ◊ Financial Incentives ◊ Remediation costs and process, benefits ◊ Brownfield Site Assessment Grants Info |
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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 |
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