Targeted Brownfield Development Loan Program

Overview

The Targeted Brownfield Development Loan Program provides loan financing to eligible entities for costs associated with the investigation, assessment, remediation and development of a brownfield.

Latest Funding Rounds Announcements

CLOSED 9/27/2024: Round 20 Funding Round

  • Click here for the tentative schedule for future funding rounds.
  • Please revisit this site or sign up to the mailing list for the latest updates.

CLOSED 9/27/2024: Remediation Loan – Round 20 Materials

Eligibility

Enabling Statutes
C.G.S. Section 32-765

 

Eligible Applicants
Potential brownfield purchasers and current brownfield owners (including municipalities and economic development agencies) provided that a current owner did not contribute to any existing environmental contamination.

 

Funding Amounts:
Loans of up to $4 million (dependent on the maximum allowable amount in each funding round as published in the Notice of Funding Availability (NOFA)).

 

Terms:
Low-interest loans, with flexible/deferred interest and principal payment schedules to match private financing terms within statutory authority; maximum term of 30 years.

 

Funding Process:
Loans under this program will be made periodically on a competitive basis, based on a NOFA published on this website. Please check this page periodically for updates and information about upcoming funding rounds.

 

 

How To Apply

Applicants are required to fill out the Loan Application Form.  the form has two separate sections - Part A: Threshold Eligibility Section and Part B: Project Details.  An Applicant or Application may be denied funding after review of Part A of the Application form.

All applications (along with attachments) shall either be:

  1. [PREFERED METHOD] Uploaded onto a SharePoint folder that will be provided by OBRD upon receipt of a request email sent to brownfields@ct.gov
    • Please make sure to include Applicant Name, brief Project Name, and Program Code (see NOFA) in the subject line
  2. Emailed to brownfields@ct.gov
    • Please make sure to include Applicant Name, brief Project Name, and Program Code (see NOFA) in the subject line

Criteria for Awards

Please refer to the NOFA posted for each competitive round for details on allowable funding amounts, award criteria, deadlines for submission and other information.  Some of the general criteria that will be used to review the applications include:

  • Shovel-readiness and merits of project
  • The economic and community development impact of the project and the projected tax revenues associated with returning a brownfield to productive use
  • Relative economic condition of the municipality in which the brownfield is located
  • Consistency with Local and State Plan of Conservation and Development
  • Support of DECD’s and the State’s economic and other policy initiatives
  • Private/Applicant leverage of funds and return on investment     
  • Applicant team’s experience     

Eligible Uses of Funding

Costs associated with the investigation, assessment, remediation and development of a brownfield, including but not limited to:

  • Soil, groundwater and infrastructure investigation
  • Assessment
  • Remediation
  • Abatement
  • Hazardous materials or waste disposal
  • Long-term groundwater or natural attenuation
  • Other forms of institutional controls
  • Attorneys’ fees for environmental consulting
  • Planning, engineering and environmental consulting
  • Building and structural issues (including demolition, asbestos abatement, PCB removal, contaminated wood or paint removal or other infrastructure remedial activities)

Contact

Please email brownfields@ct.gov for more information OR

Please contact Binu Chandy at (860) 500-2454 or binu.chandy@ct.gov