Brownfields Revolving Loan Fund Series
LEVERAGING VARIOUS
FUNDING SOURCES
The U.S. Environmental Protection Agency (EPA)
encourages Brownfields Program's Revolving
Loan Fund (RLF) cooperative agreement
recipients (CARs) to leverage funds from
various other sources for cleanup and
revitalization of brownfield sites. Sources
for leveraged funding include:
In addition, RLF CARs have successfully
taken advantage of various other mechanisms
to raise capital:
UNCOVERING
ALL THE
POSSIBILITIES
Maximizing Your Community's
Funding Sources
View of dilapidated buildings
looking northwest of former
A.O. Smith Facility (2010)
•	Federal—Various federal agencies provide
funding for redevelopment and economic
growth, such as U.S. Department of Housing and
Urban Development grants/loans, Economic
Development Agency grants, and U.S. Department
of Agriculture Rural Development grants.
•	State—Many states set aside specific
funds for the assessment and cleanup of
brownfield sites.
•	Local government—Numerous grants are
available from county and city governments
to help redevelop brownfields.
«*EPA
United States
Environmental Protection
Agency
•	Tax credits—Include federal and state tax
credits that are available for redevelopment,
such as historic, low-income housing, or
New Market Tax Credits.
•	Tax increment financing—Commonly used
by the local governments to finance new
redevelopment and infrastructure projects.
•	Local bonds—Raise capital by floating general
obligation bonds.
Each funding source comes with specific terms
and conditions. Combining various funding
sources can pose challenges. Some RLF CARs
have successfully combined funding streams with
similar terms and conditions.

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REDEVELOPMENT
AUTHORITY OF THE
CITY OF MILWAUKEE
The Redevelopment Authority of the City of
Milwaukee (RACM) received $10.2 million in RLF
funding from the EPA. The city uses these funds
to assist eligible entities finance redevelopment
projects in Milwaukee. RACM uses the Milwaukee
Economic Development Corporation (MEDC) as their
RLF fund manager. Below are examples of funded
brownfield projects in Milwaukee.
View of the City of Milwaukee's
Century City Business Park (2016)
CENTURY CITY
INDUSTRIAL CENTER
CASE STUDY REPORT
View of Clock Shadow Building that
houses multiple non-profit tenants
CLUCK SHADUW SITE
CASE STUDY REPORT
The Clock Shadow site is a former scrapyard that
was redeveloped into a commercial space. The
project leveraged various funding sources
for assessment, cleanup, and redevelopment:
•	$1 5,650 from an MEDC grant for site
assessment.
•	$308,000 from a Milwaukee Metropolitan
Sewage District grant for a Green Roof.
•	$30,000 from a Wisconsin Focus on Energy
grant for energy efficiency,
•	$565,000 through an EPA RLF loan at 3.25%
with a 7/20 term.
•	Martin Luther King Economic Development
Corporation, U.S. Department of Health
and Human Services equity investment of
$500,000 and a grant of $11,000.
•	$4.92 million from Equity Investors for
redevelopment.
•	$1.18 million from tenant investments
because long-term rents were below
market rate.
Eighty-four acres of industrial land were
transformed into Milwaukee's newest eco-industrial
district, which includes a 58-acre business park.
The city invested $26.5 million and leveraged
another $15 million. Other funding included:
» $750,000 through a Milwaukee Area
Workforce Investment Board grant for
workforce training
•	$3,5 million in a loan from MEDC
» $550,000 for site assessment from the state
Department of Natural Resources
•	$850,000 to improve housing stock from the
state Housing and Economic Development
Authority
•	$4 million for assessment and cleanup,
through an EPA RLF subgrant
•	$1 million for infrastructure and $1 50,000
for economic development planning from the
U.S. Department of Commerce's Economic
Development Administration
» $450,000 from U.S. Department of Housing
and Urban Development's Economic
Development Initiative for brownfield
remediation and infrastructure
•	$7 million in New Market Tax Credit
structure for redevelopment, demolition,
and environmental remediation
For more information, contact:
David Misky, dmisky@milwaukee.gov
United States Environmental Protection Agency
Office of Land and Emergency Management (51 05T)
EPA 560-F-1 7-228
October 201 7
www.epa.gov/brownfields

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