United States
                  Environmental
                  Protection Agency
                  Washington, D.C. 20460
Solid Waste
and Emergency
Response(5101)
EPA 500-F-99-047
May 1999
www.epa.gov/brownfields/
 &EPA   Brownfields  Cleanup
                  Revolving  Loan  Fund  Pilot
                                                         New Orleans, LA
 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
upto $200,000 overtwo 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 brownfieldstofacilitatecleanupofbrownfieldssites and preparetrainees for future employmentintheenvironmental
field; and, cleanup revolving loan fund programs (each funded up to $500,000 over five years) to capitalize loan funds
to make loans 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

As a result of a shift from a port and oil service-based
economy to a tourism-based economy, the City of
New Orleans ranks second among the nation's 25
largest cities with the highest poverty rate.  Roughly
one-third of the city's population lives at or beneath
the poverty level. In the past, wages in high-income
industrial jobs in the oil and gas fields supported the
port and shipbuilding operations. However, these j obs
have given way to jobs paying only slightly above
minimum wage.

New Orleans also has many environmental problems
that hamper economic development.  Multiple rail
lines, wharves,  and highways transect low-income
areas in New Orleans.  Abandoned warehouses,
processing facilities, and transfer stations leave nearby
residents to contend with soil and water pollution and
general blight.  These polluted sites deter future
economic development  and detract from the
neighborhoods' quality of life.

BCRLFOBJECTIVES

The BCRLF  Pilot will be an important part of the
city's rebuilding campaignóRebuild New Orleans.
 PILOTSNAPSHOT
                       Date of Award:
                       September 1997

                       Amount: $350,000

                       BCRLF Target Area :
                       Brownfields sites identified
                       by the city's Brownfields
                       Consortium.
   New Orleans, Louisiana
  Contacts:

  Mayor's Office of
  Environmental Affairs
  (504)565-8115
 Regional Brownfields Team
 U.S. EPA- Region 6
 (214) 665-6736
      Visit the EPA Region 6 Brownfields web site at:
   http://www.epa.gov/earth1r6/6sf/bfpages/sfbfhome.htm

    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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The goal of the project is to properly clean up and
revitalize the city's priority brownfields sites identified
by the city's Brownfields Consortium. Through the
Pilot program and other city-wide efforts, New Orleans
plans to  create healthy,  safe,  and  sustainable
communities through public/private partnerships and
community participation in all brownfields cleanup
and revitalization activities.  The Pilot will achieve its
goals  by providing gap financing mechanisms  for
cleanup.  The absence  of such financing currently
prevents the city from fully addressing the brownfields
sites that negatively impact the environment,  public
health, and economic growth.

FUNDSTRUCTUREANDOPERATIONS

The BCRLF  will be used as a "master plan"  for
initiating  and  implementing site cleanup  and
certification activities.  Eighty to eighty-five percent
of the revolving loan fund will be used for cleanup and
certification activities at priority sites. The remaining
funds will be  set  aside  to cover the costs of
administering the BCRLF.   To apply, potential
borrowers will need to submit financial plans that
include the applicant's capability to repay the loan,
demonstration of equity and collateral, financial
statements for the three to five  previous years,  a
business plan, and the projected cash flow.

The city, through the Mayor's Office of Environmental
Affairs (OEA), will supervise implementation of the
BCRLF.  OEA will partner with other city agencies
to ensure  that environmental cleanups conducted
using  BCRLF Pilot  funds are  conducted in
conformance  with the cooperative agreement with
EPA, and  with federal and state requirements.

LEVERAGINGOTHERRESOURCES

To help the borrowers with revitalization plans, OEA
has partnered with the  Louisiana Office of  Public
Health's Section of Environmental Epidemiology and
Toxicology (SEET).   SEET  will  provide  health
consultations for priority brownfields sites of public
health concern.  Health consultations provide  advice
and recommendations  on specific, health-related
questions associated with actual or potential  human
exposure to hazardous substances. Further, the city
has available various  loan programs,  financing
resources, tax incentives, and tax credits to assist new
and  existing businesses  (e.g., Neighborhood
Commercial Revitalization Programloans and services,
federal  Enterprise Community bonds  and loans,
Restoration Tax Abatement Program, state Enterprise
Zone  Program tax credits,  New Jobs Tax  Credit
Program tax credits).
Use of BCRLF Pilot funds must be in accordance with
CERCLA, andallCERCLA restrictions on use of funding
also apply to BCRLF funds.
 Brownfields Cleanup Revolving Loan Fund Pilot
 May 1999
                            New Orleans, Louisiana
                               EPA500-F-99-047

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