Brownfields 2011 Revolving Loan Fund Grant Fact Sheet Capital Regional Development Council, Central and Southern New Hampshire EPA Brownfields Program 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. In 2002, the Small Business Liability Relief and Brownfields Revitalization Act was passed to help states and communities around the country cleanup and revitalize brownfields sites. Under this 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. Community Description The Capital Regional Development Council was selected to receive a brownfields revolving loan fund grant. Southern New Hampshire (population 332,071) has a historic connection to the textile mill and tannery industries. These industries took advantage of the hydro power available in the region, and many factories were located along the Merrimack and Winnipesaukee Rivers. Declines in the industrial base have left a legacy of brownfield sites. The target communities of Concord, Franklin, and Manchester (combined population 160,660) contain over 1,400 contaminated sites that cover more than 700 acres. This contamination and lack of investment have led to blighted conditions and decreased property values in the region. With poverty rates as high as 19 percent, these three communities are among the most disadvantaged in the region. Brownfield cleanups conducted through the RLF grant are expected to reduce contamination and leverage redevelopment projects that can improve the tax base and create jobs. Revolving Loan Fund Grant $1,000,000 for hazardous substances EPA has selected the Capital Regional Development Council for a brownfields revolving loan fund grant. Grant funds will be used to capitalize a revolving loan fund from which the Capital Regional Development Council will provide loans and subgrants to support cleanup activities for sites contaminated with hazardous substances. Grant funds also will be used to support community outreach activities. 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 1 Brownfields Team (617)918-1424 EPA Region 1 Brownfields Web site (http: //www. epa.gov/region 1 /brownfields) Grant Recipient: Capital Regional Development Council,NH 603-228-1872 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) E PA 560-F-128-061 May 11 ------- |