Infrastructure Bank, RIDEM Accepting Applications for Brownfields Financing

The Rhode Island Department of Environmental Management (DEM) – in partnership with Rhode Island Infrastructure Bank – has announced new funding opportunities to support the cleanup and redevelopment of contaminated properties, known as brownfields, across the state.  In total, over $6 million is available to fund projects that will support a healthier environment and economy, create jobs, and promote renewable energy. 

The Brownfields Revolving Loan Fund, which is jointly overseen by the Infrastructure Bank and DEM, provides financing for the remediation of sites contaminated with hazardous substances. Conducting environmental cleanups allows these properties to be redeveloped and returned to productive use. Entities interested in applying for financing or learning more about the program should contact Michael Baer at 401-453-4430, ext. 127 or mbaer@riib.org.

In addition to the Brownfields Revolving Loan Fund, DEM has grant funding available through the Brownfields Remediation and Economic Development Fund and the Targeted Brownfields Assessment Program. Funds from these grant programs may be combined with financing through the Brownfields Revolving Loan Fund to maximize the financial assistance available.

A single application form, available at www.dem.ri.gov/brownfields, can be used to apply for any of the above opportunities. Electronic applications are encouraged; however, proposals may also be mailed to the DEM Permit Application Center, 235 Promenade Street, Second Floor, Providence, RI 02908.

The Infrastructure Bank and DEM will hold an informational workshop to review brownfield funding opportunities on Wednesday, November 1, 2017 at 9:30am at DEM Headquarters, 235 Promenade Street, Room 300, Providence, RI 02908. The workshop is open to the public.

Final proposals and supporting materials are due by 4:00 p.m. on Friday, December 1, 2017. Government, private and community agencies are eligible to apply.  Site selection will be determined on a competitive basis – scoring criteria can be found by clicking here.