FUNDING FOR CLEANUP
In April of 2010, the Environmental Protection Agency (EPA) awarded the Northwest Regional Planning Commission (NRPC) $1 million to establish the Northwest Region Brownfields Cleanup Revolving Loan Fund (NBRLF). The NBRLF leverages private and public funds with below market rate loans and sub-grants to fund environmental remediation at brownfields properties.
Does my project have to be in Franklin or Grand Isle County?
Brownfields located throughout the State of Vermont are eligible for the RLF with priority given to sites in the Northwest Region Counties of Franklin and Grand Isle.
Am I eligible for a grant?
Non-profits and municipalities are eligible for loans or sub-grants, all other applicants are only eligible for loans.
How much can I apply for?
Grants are limited to $200,000 per site. There is no funding limit for loans.
Is there a match requirement?
Evidence of a cost share of at least 20% of the loan or grant amount will be required of all borrowers and sub-grantees. Cost share may be in the form of a contribution of money, labor, materials, or services from a non-federal source.
How do I apply for NBRLF funds?
Applicants apply for a loan, grant, or a combination to the NRBP Steering Committee. There is a 2 part application process. Part A determines applicant and site eligibility. Part B determines project viability and conformance with the program’s goals and objectives. Part B includes review of cleanup, redevelopment and business plans, and for loan applications, credit analysis.