Brownfields Impact Fund

About this funding opportunity

Open in new Tab BROWNFIELDS IMPACT FUND

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The Brownfields Impact Fund provides loans on a first come, first serve basis to assist with the cleanup of brownfield sites throughout the state by addressing funding gaps. Loans can be awarded in amounts up to $350,000. DOLLAR AMOUNT

Loans up to $350,000 BENEFITS

Addresses funding gaps

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Low-interest rate loans ELIGIBILITY

Local governments

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For profit businesses

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Not-for-profit entities PROGRAM DETAILS ELIGIBILITY AWARD FEES APPLICATION PROCESS MAPPING TOOL

PROGRAM DETAILS

Under the Brownfields Impact Fund, the NJEDA will make low-interest loans available to for profit organizations as well as public sector and non-profit organizations.

These loans will assist with cleanup and other pre-construction activities on brownfield sites throughout the state. Eligible uses of the loan includes remediation activities necessary to clean up the release or mitigate the threatened release of hazardous materials and other activities approved by the U.S. EPA and outlined in the program specifications.

Funds will be awarded on a first come, first serve basis upon receipt of a completed application.

Loans cannot be provided to entities who caused or contributed to the contamination of the property (Responsible Party).

ELIGIBILITY

While funding can be used throughout the State, NJEDA’s Brownfields Impact Fund program will targetCommunity Collaborative Initiative (CCI) cities which have high instances of brownfields, poverty, health disparities and need for revitalization. For the first three months of the program, eligibility will be limited to CCI cities.

Loan Applicant Eligibility

LOAN APPLICANT ELIGIBILITY

Applicable Entities include: For-profit organizations, Nonprofit organizations exempt from taxation under Section 501(c)(3) of the Internal Revenue Code, and other nonprofit organizations as defined at 2 CFR § 200.70 (including Institutes of Higher Education, but excluding 501(c)4) and Units of local government (including County, Regional, and quasi-governmental entities)

Site Control

Potential brownfield site purchasers and current brownfield site owners (including local government redevelopers) are eligible as follows: Must be able to demonstrate site control or a path to site control of a brownfield property.

Applicant Must: Submit a letter of support from the mayor or, if the position of mayor does not exist, from the governing body of the municipality in which the brownfield site is located. The letter of support must indicate that the project aligns with the master land use plan, or the local redevelopment plan, or that no local redevelopment plan exists. Have a plan for the redevelopment of the property. Complete NJEDA legal questionnaire. Have a valid New Jersey Tax Clearance Certificate from the NJ Department of the Treasury, Division of Taxation. Be in good standing with the Department of Labor, with all decisions of good standing at the discretion of the Commissioner of the Department of Labor. Be in good standing with DEP with all decisions of good standing at the discretion of the Commissioner of the Department of Environmental Protection. Be eligible to receive funding under the cooperative agreement for this program between NJEDA and USEPA. Applicants can refer to the USEPA Brownfields Revolving Loan Fund webpage.

\* NJEDA asks that all applicants complete a Pre-Qualification Form prior to submitting an application in order to begin the process of evaluating the project’s eligibility under the board-approved program specifications.

Note: When required by laws that govern borrowing by municipalities, municipalities receiving a loan under the Brownfields Impact Fund may need Local Finance Board approval.

Grant Applicant Eligibility

GRANT ELIGIBILITY

Applicable Entities include: Nonprofit organizations exempt from taxation under Section 501(c)(3) of the Internal Revenue Code, and other nonprofit…

Topic areas: Circular Economy and Sustainability, Smart Cities, Public Policy and Governance, Housing and Community Development.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Brownfields Impact Fund is administered by New Jersey Economic Development Authority (NJEDA), listed via New Jersey Economic Development Authority.