w5 Brownfields 1999 Revolving Loan Fund Pilot Fact Sheet City of Columbia, SC 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 Columbia is the State of South Carolina's largest city by population (just over 110,000 residents) and land area. The City has a 46 percent minority population, and 21 percent live below the poverty level. Abandoned or underutilized properties in the City include former steel fabrication plants, rail yards and rail spurs, cotton mills and warehouses. Known and perceived environmental contamination have restrained private sector restoration, and continues to hamper the full economic use of the City's resources. Columbia, jointly with the City of Sumter, was designated as an Empowerment Zone. Columbia is a Brownfields Assessment Demonstration Pilot. Pilot Snapshot Date of Announcement: 05/25/1999 Amount: $500,000 Profile: Sites identified by the Brownfields Assessment Demonstration Pilot and sites with in the Empowerment Zone 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: City of Columbia,SC (803) 988-8040 Objectives The City's BCRLF goal is to enhance community involvement, create jobs, and transform Columbia into a thriving community bustling with 24-hour residential, commercial, and retail activities. The BCRLF is seen as a catalyst for redevelopment through the removal of environmental contamination and barriers, and as a tool to encourage public-private partnerships in brownfields redevelopment. The BCRLF will give special emphasis to sites identified by the Brownfields Assessment Demonstration Pilot and in Empowerment Zone areas. Activities Fund Structure and Operations The City, serving as the lead agency, will contract with the South Carolina Department of Health and Environmental Control to obtain assistance in carrying out its site management responsibilities. The City's Community Development Department, with an United States c Environmental anri Fmpflpn™ EPA 500-F-99-060 nil- a ancl Emergency .. Protection Agency Response (5105T) MaV99 Washington, DC 20450 ^ v ' ------- extensive history of managing similar revolving loan funds, such as the Commercial Revolving Loan Fund, the Housing Revolving Loan Fund, and Community Development Block Grants funds, will serve as fund manager. The City will make efforts to attract private investment to BCRLF projects. Similar loan funds in Columbia have led to a 4:1 ratio of private to public dollars. The existence of other Federal redevelopment programs, including the EPA Brownfields Assessment Demonstration Pilot and the establishment of a HUD Empowerment Zone in the Cities of Columbia and Sumter, also will complement the BCRLF. In addition, the City will couple the BCRLF with its Commercial Revolving Loan Fund and CDBG funds to address cleanup and development goals. 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-99-060 May 99 ------- |