United States
Environmental
Protection Agency
Washington, D.C. 20460
Solid Waste
and Emergency
Response (5101)
EPA 500-F-01-240
April 2001
www.epa.gov/brownfields/
<>EPA Brownfields Cleanup
Revolving Loan Fund Pilot
State of New Hampshire (Coalition with Department of Resources
and Economic Development, City of Nashua, and the Towns of
Bradford, Greenfield, and Newport)
Outreach and Special Projects Staff (5105)
Quick Reference Fact Sheet
EPA's Brownfields Economic Redevelopment Initiative is designed to empower states, communities, and other stakeholders
in economic redevelopment to work together in a timely manner to prevent, assess, safely clean up, and sustainably reuse
brownfields. A brownfieldis a site, or portion thereof, that has actual or perceived contamination and an active potential for
redevelopment or reuse. EPA is funding: assessment demonstration pilot programs (each funded up to $250,000 over two
years), to assess brownfields sites and to test cleanup and redevelopment models;job training pilot programs (each funded
up to $200,000 over two years), to provide training for residents of communities affected by brownfields to facilitate cleanup
of brownfields sites and prepare trainees for future employment in the environmental field; and, brownfields cleanup revolving
loan fund (BCRLF) programs (each funded up to $1,000,000 over five years), to provide financial assistance for the
environmental cleanup of brownfields. These pilot programs are intended to provide EPA, states, tribes, municipalities, and
communities with useful information and strategies as they continue to seek new methods to promote a unified approach to
site assessment, environmental cleanup, and redevelopment.
BACKGROUND
New Hampshire has experienced a massive economic
restructuring during the last 30 to 40 years. Large
textile mills and tanneries were abandoned as the State
moved from heavy industry to a technology-based
economy. Although New Hampshire has rebounded
economically, many communities never regained their
economic stability, and many properties were left
underutilized or abandoned. New Hampshire has been
cleaning up and redeveloping its brownfields with
support from the BCRLF Program, as well as a
Brownfields Pilot Assessment Program and Targeted
Brownfields Assessment Program.
The New Hampshire Coalition is now in the second
year of its BCRLF Pilot program. Initially, the
Coalition included five member entities: the New
Hampshire Department of Environmental Services
(DES), the Office of State Planning, the City of
Concord, and the Towns of Londonderry and Durham.
A cooperative agreement was awarded to the Coalition
in the amount of $ 1.45 million, and the institutional and
financial controls have been put in place to make the
first loan.
PILOT SNAPSHOT
Date of Announcement:
April 2001
Amount: $1 million
BCRLF Target Area:
Locations throughout the
State of New Hampshire
Coalition: New Hampshire with Nashua, Bradford, Greenfield, and
Newport
Contacts:
New Hampshire Department
of Environmental Services
(603)271-2987
Region 1 Brownfields
Coordinator
(617)918-1210
Visit the EPA Region 1 Brownfields web site at:
www.epa.gov/region01/brownfields
For further information, including specific Pilot contacts, additional
Pilot information, brownfields news and events, and publications
and links, visit the EPA Brownfields web site at:
http://www.epa.gov/brownfields
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Five new entities have joined the Coalition: the New
Hampshire Department of Resources and Economic
Development (DRED), the City of Nashua, and the
Towns of Bradford, Greenfield, and Newport. The
expansion represents an excellent opportunity to build
on the foundation laid by the first phase of the BCRLF
program. The addition of DRED brings increased
access to prospective purchasers and brownfields
developers in the State.
BCRLF OBJECTIVES
The expanded New Hampshire BCRLF program is
designed to provide a much-needed source of funds for
environmental cleanup. This will catalyze the
redevelopment of identified brownfields sites. One of
the Coalition's specific BCRLF objectives is to
redevelop the Merrimack Industrial Metals property.
This multi-purpose scrap metal salvage yard and metals
reclamation facility has been identified as a source of
chlorinated volatile organic compounds (CVOC)
contamination. The Essex Mill site in Newmarket is
another BCRLF candidate. Plans for this site include
the creation of a housing development. Other potential
projects include conversion of a landfill to a public
park, and reclamation of an abandoned steel mill to a
"green space" park and community wastewater disposal
system.
FUND STRUCTURE AND OPERATIONS
The NHDES is the lead agency, site manager, and fund
manager for all Coalition partners for the BCRLF
program. The New Hampshire Business and Finance
Authority (BFA) and Department of Treasury (NHDT)
have pledged their support for developing the Fund's
financial plan, as well as for assessment and processing
of loan agreements. They will also provide legal
support for loans made to private borrowers and
municipalities. The pilot anticipates making both short-
term loans that will provide gap financing and long-
term loans at reasonable interest rates.
LEVERAGING OTHER RESOURCES
With the addition of DRED, the Coalition can increase
its marketing initiatives and streamline its ability to
identify prospective purchasers and developers needing
BCRLF funding. Other resources that can be used by
BCRLF recipients include existing EPA grants
(Targeted Brownfields Assessments, Brownfields
Assessment Demonstration Pilots, the EPA UST Fields
Initiative, and Time Critical Emergency Removals
Program), State Brownfields Initiatives, and
Community Development Block Grants. NHDES will
provide resources for activities such as educating
potential borrowers and marketing the loan program.
Use of BCRLF Pilot funds must be in accordance with
CERCLA, and all CERCLA restrictions on use of funding
also apply to BCRLF funds.
Brownfields Cleanup Revolving Loan Fund Pilot
Apri/2001
State of New Hampshire
EPA 500-F-01-240
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