United States
                  Environmental
                  Protection Agency
                  Washington, D.C.  20460
Solid Waste
and Emergency
Response  (5101)
  EPA500-F-99-084
  May 1999
  www.epa.gov/brownfields/
 >>EPA   Brownfields  Cleanup
                  Revolving  Loan  Fund   Pilot
        State of New Hampshire (Coalition with the State of New Hampshire Department of
 Environmental Services, Office of State Planning Coastal Watershed, City of Concord, and
                                                 the Towns of Durham and Londonderry)
 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

The New Hampshire Department of Environmental
Services BCRLF pilot is a statewide coalition that
includesthree Brownfields Assessment Pilots (Concord
Opportunity Corridor, NH DBS Statewide, and Office
of State Planning Coastal Watershed) and two targeted
site assessment pilot communities (the Towns of
Londonderry and  Durham).  New Hampshire's
brownfields problem is strongly linked to the massive
restructuring of the economy during the last 30 to 40
years. Large textile and tannery mills were abandoned
as the State moved from a heavy  industry to a
technology sector economy. AlthoughNew Hampshire
has rebounded economically, many communities never
regainedtheir economic stability. The New Hampshire
pilot has 552 contaminated sites that could potentially
benefit from the BCRLF.

BCRLF OBJECTIVES

The New Hampshire BCRLF's primary obj ective is to
provide funding for cleanup in areas that have scarce
resources forbrownfields activities. Thepilotanticipates
that this funding will facilitate brownfields cleanup and
redevelopment.  The New Hampshire pilot will give
priority to sites assessed under the  Brownfields
Assessment program  or targeted site assessments.
 PILOT SNAPSHOT
 State of New Hampshire
Date of Announcement:
May 25,1999

Amount:  $1.45 million

BCRLF Target Area:
552 hazardous sites located
throughout the State,focusing on
those involved in the Brown fields
Assessment pilots ortargeted site
assessment program, as well as
the high poverty areasof Nashua
and Manchester's Enterprise
Community
 Contacts:

 New Hampshire Department of
 Environmental Services
 (603) 271-6778
    Region 1 Brownfields
    Coordinator
    (617) 918-1209
      Visit the EPA Region 1 Brownfields web site at:
        www.epa.gov/region01/remed/brnfld/

   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 pilot is also likely to target lending to the high
poverty areas ofNashuaand Manchester's Enterprise
Community.

FUND  STRUCTURE AND OPERATIONS

NH DBS will serve as the lead agency and site manager
for the BCRLF.  The New Hampshire Business
Finance Authority will serve as fund manager. These
loan funds will be split among the eligible entities as
follows:  Concord,  Durham, and  Londonderry,
$150,000 each; and OSP and DBS, $500,000 each.
The pilot anticipates making both short-term loans that
will provide gap financing and long-term financing at
reasonable interest rates.

LEVERAGING

Potential opportunities for leveraging resources include
the Clean Water Act State Revolving Fund, the New
Hampshire Hazardous Waste Cleanup Fund, and other
federal programs.  NH DBS will provide  in-kind
contributions 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                                    State of New Hampshire
 May 1999                                                                      EPA 500-F-99-084

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