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EPA TO AWARD BROWNFIELDS CLEANUP REVOLVING LOAN FUND PILOTS

Release Date: 11/12/99
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FOR RELEASE: FRIDAY, NOV. 12, 1999

EPA TO AWARD BROWNFIELDS CLEANUP REVOLVING LOAN FUND PILOTS


EPA is accepting proposals for Brownfields Cleanup Revolving Loan Fund Pilots (BCRLF) until Feb. 7, 2000. The BCRLF are generally funded up to $500,000 per eligible entity. The BCRLF pilots test cleanup and redevelopment planning models and are designed to enable States, political subdivisions, and Indian tribes to make loans to facilitate environmental cleanup and redevelopment efforts at brownfields sites. EPA will select up to 70 additional pilots by May 2000. The pilots will be selected on a competitive basis. Selection criteria is outlined in the newly revised guidelines, “The Brownfields Economic Redevelopment Initiative: Proposal Guidelines for Brownfields Cleanup Revolving Loan Fund (November 1999). Copies of the document can be obtained at: http://www.epa.gov/brownfields/ or by calling the Superfund Hotline at 1-800-424-9346 or 703-412-9810.


R-139 ###