Brownfields 2010 Revolving Loan Fund Grant Fact Sheet Nashua, NH 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 City of Nashua was selected to receive a brownfields revolving loan fund grant. Located in southern New Hampshire, Nashua (population 86,605) is approximately 30 square miles in size, and contains 1,278 currently or formerly contaminated sites. The downtown Millyard area was once one of the region"s premier industrial centers, but now contains mishandled chemicals, storage tanks, and contamination in the soil and groundwater. In one square mile of the city"s downtown neighborhoods, there are approximately 60 brownfields totaling 180 acres. Poverty levels in these neighborhoods are higher than the city and state averages, and up to 24 percent of residents are minorities. Brownfield cleanups conducted through the RLF grant are expected to catalyze economic activity that will expand the tax base, create jobs, and leverage private and public funds. Revolving Loan Fund Grant $1,000,000 for hazardous substances EPA has selected the City of Nashua for a brownfields revolving loan fund grant. The grant will be used to capitalize a revolving loan fund from which the City of Nashua will provide loans and subgrants to support cleanup activities for sites contaminated with hazardous substances. The city expects to fund three loans and two subgrants. Grant funds also will be used to market the RLF and conduct cleanup planning and 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 1 Brownfields Team (617)918-1424 EPA Region 1 Brownfields Web site (http: //www. epa.gov/region 1 /brownfields) Grant Recipient: City of Nashua,NH 603-589-3260 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) EPA 560-F-10-026 Apr 10 ------- |