Application Deadline for Brownfields Financing Approaches

The Rhode Island Department of Environmental Management (DEM) – in partnership with Rhode Island Infrastructure Bank – recently announced new funding opportunities to support the cleanup and redevelopment of contaminated properties, known as brownfields, across the State.  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. Final proposals and supporting materials for the initial round of applications are due by 4:00 p.m. tomorrow, December 1, 2017. Applications for the Brownfields Revolving Loan Fund will be accepting on a rolling basis thereafter.

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. Government, private and community agencies are eligible to apply.  Site selection will be determined on a competitive basis – scoring criteria can be found here. 

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.