United States
                  Environmental
                  Protection Agency
                  Washington, D.C. 20460
Solid Waste
and Emergency
Response  (5101)
EPA500-F-99-087
May 1999
www.epa.gov/brownfields/
 >>EPA   Brownfields Cleanup
                  Revolving  Loan  Fund  Pilot
                                                                 Portland, OR
 Outreach and Special Projects Staff (5101)
                     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 brownfield is 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 $200,000 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, cleanup revolving loan fund programs (each funded up to $500,000 over five years) to capitalize loan funds
to make loans forthe 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

Portland is Oregon's oldest and largest industrial,
shipping, and commercial center. The City also has
the highest concentration of brownfields in the State.
A1994 survey found thatthe City had 484 contaminated
sites and more than 600 sites with either a suspected
release or threat of release.  Many of these sites are
concentratedinPortland'sEnterprise Community, an
area that has a 35% poverty rate in 11 of 15 census
tracts. Portlandhas also been designated aBrownfields
Showcase Community.

BCRLF OBJECTIVES

The objective of the Portland BCRLF is to establish a
loanproductthatisnotcurrentlyavailableto brownfields
located in the Enterprise Community and other urban
renewal areas of the City. The pilot anticipates that
funds will provide an incentive for the cleanup and
redevelopment of brownfields. Portland plans to use
the revolving loan fund as a gap financing mechanism
forbrownfields cleanup in an areawhere such resources
are scarce.
 PILOT SNAPSHOT
  Portland, Oregon
 Contacts:
 Portland Development
 Commission
 (503) 823-3200
                       Date of Announcement:
                       May 25,1999

                       Amount:  $500,000

                       BCRLF Target Area:
                       Portland's   Enterprise
                       Community Health-Tex sites
   Region 10 Brownfields
   Coordinator
   (206) 553-6523
     Visit the EPA Region 10 Brownfields web site at:
  http://epainotes1.rtpnc.epa.gov:7777/r10/cleanup.nsf/
             webpage/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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FUND STRUCTURE AND OPERATIONS

The Portland Development Commission (PDC) will
serve as lead agency, site manager, and fund manager.
The City plans to provide loans for relatively small
cleanup projects. The average loan size is expected to
be $40,000 to $50,000 and it is anticipated that six or
seven loans will be issued during the initial round of
lending.

LEVERAGING

Portland  is negotiating with the Oregon Economic
Development Department, the Oregon Department of
Environmental Quality, and other federal programs to
leverage additional seed money. Portland is exploring
partnerships  with its Interagency Brownfields
Workgroup and small locally-owned banks in Portland' s
Enterprise  Community.   PDC will contribute a
percentage of time for fund manager, site manager,
legal counsel, and environmental assessment assistance,
as needed. In addition, in-kind services in the form of
computer support, GIS assistance, routine clerical
support, marketing expertise/materials, miscellaneous
administrative costs, and related community outreach
costs will be borne by the City.
Use ofBCRLF Pilot funds must be in accordance with
CERCLA, and all CERCLA restrictions on use of funding
also apply to BCRLFfunds.
 Brownfields Cleanup Revolving Loan Fund Pilot                                          Portland, Oregon
 May 1999                                                                      EPA  500-F-99-087

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