Brownfields 2001 Revolving Loan Fund Pilot
Fact Sheet
Raleigh, NC
EPA Brownfields Initiative
EPA's Brownfields Program empowers states.
communities, and other stakeholders to work together to
prevent, assess, safely clean up, and sustainably reuse
brownfields. A brownfield site is real property, the
expansion, redevelopment, or reuse of which may be
complicated by the presence or potential presence of a
hazardous substance, pollutant, or contaminant. On
January 11, 2002, President George W. Bush signed into
law the Small Business Liability Relief and Brownfields
Revitalization Act. Under the Brownfields Law, EPA
provides financial assistance to eligible applicants
through four competitive grant programs: assessment
grants, revolving loan fund grants, cleanup grants, and
job training grants. Additionally, funding support is
provided to state and tribal response programs through a
separate mechanism.
Background
Raleigh has developed into a hub of high-technology
growth over the last several years thanks to its location in
the Research Triangle Region. Because of its high
standard of living and economic prosperity, Raleigh has
been rated one of the best places to live in America.
However, many areas in Raleigh have not benefitted
from the City's overall prosperity. New development
occurs on the City's periphery, in areas such as North
Raleigh. Areas such as Southeast and Downtown have
been forgotten and are largely vacant and underutilized.
These areas have been designated by North Carolina as
Development Zones and are the target of the BCRLF
program. Several Census Tracts within this area have
poverty rates of 45% or higher, while the general area
has a poverty rate of 21%.
Pilot Snapshot
Date of Announcement: 04/01/2001
Amount: $1,000,000
Profile: Southeast and Downtown Raleigh
Contacts
For further information, including specific grant
contacts, additional grant information, brownfields
news and events, and publications and links, visit the
EPA Brownfields Web site
(http ://www .epa.gov/brownfields).
EPA Region 4 Brownfields Team
(404) 562-8792
EPA Region 4 Brownfields Web site
(http://www.epa.gov/region4/waste/bf)
Grant Recipient: City of Raleigh,NC
(919) 890-3664
Objectives
The objective of the Raleigh BCRLF is to clean up
properties in Southeast and Downtown Raleigh. By
targeting the Development Zones, the City hopes to
increase the reach of its current redevelopment and
cleanup programs. In addition, redeveloping
brownfields in these areas will curb urban sprawl and
enhance inner city economic prosperity by encouraging
businesses to locate near the urban core. The BCRLF
program will help Raleigh continue its efforts to
facilitate equitable, environmentally sustainable
economic development, increase the quality of
employment opportunities, and improve the lives of
residents in lower-income and minority areas.
Activities
Fund Structure and Operations
The City's Planning Department will serve as the lead
agency, and the City's Community Development
Department will be the fund manager. The site manager
has yet to be identified. It is likely that the Army Corps
United States
Environmental
Protection Agency
Washington, DC 20450
Solid Waste
and Emergency
Response (5105T)
EPA500-F-01-246
Apr 01
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of Engineers (Wilmington District) will fill this role.
The City of Raleigh will give priority to borrowers that
will provide goods and services to local residents and
employ local residents in quality jobs.
Businesses operating within the Development Zones are
eligible for state tax credits. BCRLF loan recipients
may also apply for a loan through the Small Business
Success Program and the Facade Grant program. Other
sources of funding for cleanup of contaminated sites
will come from the private sector. The City will likely
assist with outreach efforts to encourage community
involvement and inform potential applicants of the fund
availability, process, and requirements.
Use of BCRLF Pilot funds must be in accordance with
CERCLA, and all CERCLA restrictions on use of
funding also apply to BCRLF funds.
The information presented in this fact sheet comes from
the grant proposal; EPA cannot attest to the accuracy of
this information. The cooperative agreement for the
grant has not yet been negotiated. Therefore, activities
described in this fact sheet are subject to change.
United States
Environmental
Protection Agency
Washington, DC 20450
Solid Waste
and Emergency
Response (5105T)
EPA500-F-01-246
Apr 01
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