Brownfields 2000 Revolving Loan Fund Pilot
9& % Fact Sheet
Hillsborough County, FL
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
Hillsborough County's Urban Development Area
occupies approximately 18,000 acres. The area is
characterized by a mix of commercial and industrial land
with some residential development. It is comprised of
three areas: the Orient/Eastlake Brownfields Assessment
Pilot Area (OEA); the University of South Florida
Community Development Block Grant Target Area
(USFTA); and the Causeway Community Development
Block Grant Target Area (CTA). Historically a
manufacturing center, the Orient/Eastlake Brownfields
Assessment Pilot Area now contains some of the oldest
derelict and abandoned industrial/commercial properties.
Approximately 13 percent of the Orient/Eastlake
community live below the poverty level. OEA is a
Community Development Block Grant target
neighborhood. Hillsborough County is a Brownfields
Assessment Pilot.
Pilot Snapshot
Date of Announcement: 05/01/2000
Amount: $500,000
Profile: Urban Development Area including:
Orient/Eastlake Brownfields Assessment Pilot area;
University of South Florida CDBG Target Area; and
Causeway CDBG Target Area
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: Hillsborough County,FL
(813)276-8343
Objectives
The Hillsborough BCRLF Pilot will be used to test
methods for targeting market-ready sites in the County's
Urban Development Area including OEA, USFTA, and
CTA. The County hopes make loans to clean up at least
four sites under the BCRLF program. A Brownfields
Bill of Rights outlining community involvement in
cleanup and redevelopment of brownfields also will be a
part of the Hillsborough BCRLF.
Activities
Fund Structure and Operations
The lead agency will be Hillsborough County. The
County will designate the Environmental Protection
Commission of Hillsborough County to fulfill site
management responsibilities and will select a local
commercial lender to serve as fund manager.
Hillsborough County proposes to limit loan amounts to
approximately $100,000 to ensure that at least four loans
United States
Environmental
Protection Agency
Washington, DC 20450
Solid Waste
and Emergency
Response (5105T)
EPA500-F-00-166
May 00
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are provided during the initial lending period.
The Hillsborough County BCRLF may be leveraged
with financial incentives available through Hillsborough
County's CDBG program. The County also will consider
using the State of Florida Brownfields Area Loan
Guarantee Program. Hillsborough County also has
provided an additional leveraging tool by waiving
impact fees for development activities within the CDBG
Target Areas.
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-00-166
May 00
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