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Brownfields: Loan and Sub-Grant Availability

Loans

There is no maximum principal amount for loans and the maximum interest rate for loans will not exceed 3%.

Sub-Grants

Sub-grants may not exceed $100,000 and will require redevelopment plans that provide for:

  • Non-profit or green space use
  • Incorporate green design
  • Use existing infrastructure
  • Address environmental justice issues and/or
  • Demonstrate that the project meets the needs of a community unable to draw on other resources.

Sub-grants will only be awarded in extraordinary situations.

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