w5 Brownfields 1997 Revolving Loan Fund Pilot Fact Sheet Birmingham, AL 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 City of Birmingham has more than 2,500 acres of old industrial sites. Many of these sites require environmental cleanup before they can be returned to productive use. North Birmingham is the home of the city's iron foundry business, and a 900-acre site has been targeted for the BCRLF pilot. More than 40 percent of the land is abandoned and environmental contamination has deterred reinvestment and redevelopment. The population in the area is predominately African American and extremely poor. While major manufacturing and transportation companies continue to operate in the area, the district has lost more than 40 percent of its population since 1970. Pilot Snapshot Date of Announcement: 09/01/1997 Amount: $500,000 Profile: A 900-acre site in North Birmingham 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 Birmingham,AL (205)254-2870 Objectives The goal of the Birmingham BCRLF Pilot is to fund cleanup of brownfields sites. The BCRLF will be used to leverage other needed funding sources including owner's equity and conventional financial mechanisms. The city will use the BCRLF Pilot as a partner in environmental cleanup and redevelopment projects, particularly in North Birmingham and other industrial areas. Activities Fund Structure and Operations The Mayor's Office, Community Enterprises Division (CED) will act as the Lead Agency. The Director of CED will serve as the Site Manager. The city plans to designate an organization that currently manages similar loan programs as Fund Manager. The Birmingham Environmental Clearinghouse and North Birmingham community organizations will organize and ensure continued interaction with the affected communities. Birmingham will provide in-kind contributions that will United States Environmental Protection Agency Washington, DC 20450 Solid Waste and Emergency Response (5105T) EPA 500-F-99-037 May 99 ------- enable full capitalization of the loan pool. The city will also continue its partnership with the Birmingham Environmental Clearinghouse, an organization that helps communities understand environmental risk factors. The BCRLF will be used to complement other city-assisted loan programs and the Community Development Block Grant program. 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-99-037 May 99 ------- |