w5
PR
Brownfields 1997 Revolving Loan Fund Pilot
Fact Sheet
State of Indiana
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
The Indiana Department of Environmental Management
(IDEM) has identified ten communities across the state
that could qualify for loans from the BCRLF Pilot.
Priority will be given to areas in Northwest Indiana and a
number of metropolitan areas in the southern part of the
state. Many of these communities have already initiated
brownfields redevelopment programs and have created
inventories of targeted sites. Information on the BCRLF
Pilot will be included in a series of Brownfields
Community Workshops being sponsored by IDEM as
part of its strategic plan for assisting in brownfields
redevelopment.
Pilot Snapshot
Date of Announcement: 09/01/1997
Amount: $350,000
Profile: Brownfields in ten communities across
Indiana, with a focus on the northwest and southern
portions of the state
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/R5Brownfields)
Grant Recipient: Indiana Department of
Environmental Management
(317) 308-3058
Objectives
The goal of the BCRLF Pilot program is to fund
cleanup of environmentally contaminated properties and
facilitate their return to productive use. The BCRLF
funds will allow IDEM to implement an effective
strategic plan for cleaning up and redeveloping
brownfields across the state. The Pilot will complement
the state's goal of developing a one-stop shop to help
developers plan, test, acquire permits and approvals, and
finance brownfields projects. IDEM plans to use the
majority of the BCRLF funds for loans to political
subdivisions in the targeted areas. IDEM anticipates that
the political subdivisions will provide additional
funding from local public and private resources.
Activities
Fund Structure and Operations
IDEM will serve as the Lead Agency and will be
responsible for designating the Site Managers. IDEM
United States
Environmental
Protection Agency
Washington, DC 20450
Solid Waste
and Emergency
Response (5105T)
EPA 500-F-99-043
May 99

-------
will be responsible for ensuring the cleanups are
conducted in conformance with federal and state
requirements. The Indiana Development Finance
Authority (IDFA) will act as Fund Manager, charged
with day-to-day implementation of the loan fund.
IDEM will involve communities and residents in the
brownfields cleanup process. All potential BCRLF
borrowers will be required to show evidence of their
plans to involve their communities in the cleanup
process and describe how cleanup efforts will create and
sustain jobs. IDEM will give preferences to prospective
borrowers with projects in areas that have demonstrated
socio-economic distress (e.g., as demonstrated by the
poverty level and the unemployment rate).
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
and Emergency
Response (5105T)
Solid Waste
EPA 500-F-99-043
May 99

-------