\   Brownfields 2010  Revolving Loan Fund  Grant
              Fact Sheet
              Michigan Land Bank Fast Track Authority
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 Michigan Land Bank Fast Track Authority was
selected to receive a brownfields revolving loan fund
grant. Michigan's (population 10,003,422) economic
troubles began with a downturn during the 2001 recession
and have continued as the auto industry has declined.
Between 2006 and 2008, an average of 1,000 mass layoff
events have occurred every year, most of which have
signaled the closing of a facility and creation of a
brownfield. Today, the state is left with the legacy of a
century-old industrial economy, thousands of acres of
abandoned and contaminated facilities, and thousands of
deteriorating homes. The state has identified more than
12,000 contaminated properties, of which 7,000 are
leaking underground storage tank sites. The
unemployment rate is 15.2 percent, and 20.4 percent of
state residents are minorities. Site cleanups undertaken
with RLF loans are expected to support redevelopment of
manufacturing sites for continued industrial operations,
especially in green manufacturing, and create greenspace.
                     Revolving Loan Fund  Grant

                     $1,000,000 for hazardous substances
                     EPA has selected the Michigan Land Bank Fast
                     Track Authority for a brownfields revolving loan
                     fund grant. The grant will be used to capitalize a
                     revolving loan fund from which the Michigan
                     Land Bank Fast Track Authority will provide
                     loans to support cleanup activities for sites
                     contaminated with hazardous substances. The
                     Authority anticipates making three loans. Grant
                     funds also will be used to conduct community
                     involvement 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 5 Brownfields Team
                     (312)886-7576
                     EPA Region 5 Brownfields Web site
                     (http://www.epa.gov/R5Brownfiel ds)

                     Grant Recipient: Michigan Land Bank Fast Track
                     Authority
                     517-335-7810

                     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)
EPA560-F-10-106
      April 2010

-------