AFPA^a,Proton EPA Region 3 | Mid-Atlantic

Agency	September 2022

EPA 903-F-22-001

Revolving Loan Fund (RLF! Grants

Brownfields & Land Revitalization

What is a Brownfield?

A brownfield is a property, the expansion,
redevelopment, or reuse of which may be
complicated by the presence or potential
presence of a hazardous substance, pollutant, or
contaminant. A brownfield can be the result of
almost any past industrial or commercial use.
Brownfield funding can transform abandoned or
contaminated sites into community assets that
promote local economic growth and protects
public health and the environment.

Brownfield Examples:

	Former gas stations  Former industrial sites

	Former dry cleaners  Old buildings

	Mine-scarred land  Former commercial sites

What is a Revolving Loan Fund?

Revolving Loan Fund (RLF) Grants provide funding
for a grant recipient to capitalize a revolving loan
fund and to provide loans and subgrants to carry
out cleanup activities at brownfield sites over
many years (possibly decades). Through these
grants, EPA strengthens the marketplace and
encourages stakeholders to leverage resources to
clean up and redevelop brownfields.

Additional Brownfields Grants Include:

Assessment Grants | Cleanup Grants
Multipurpose Grants 1 Job Training Grants
Targeted Brownfield Assistance

How Much Funding is Available?

subject to change*

For FY23 an RLF Grant applicant may apply
for up to $1,000,000 to address brownfield
sites contaminated by hazardous
substances, and/or petroleum. The period
of performance is up to five years, but the
revolving fund may be indefinite.

Before Redevelopment - Ambler Boiler House, Montgomery County, PA

Who is Eligible?

An eligible RLF Grant applicant may apply as an individual entity or as
an RLF Coalition comprised of two or more entities. High performing
grantees typically demonstrate:

	A strong understanding of real estate financing principles and
approaches, including loan underwriting, loan servicing, and
credit analysis.

	The ability to market the RLF program on an on-going basis
during the performance period of the grant, and after the close
out of the RLF Grant.

	Commitment to properly managing the program income
generated by their RLF program in perpetuity unless they
terminate the agreement and return the program income to EPA.

After Redevelopment - Ambler Boiler House, Montgomery County, PA


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Understanding the RLF Process

EPA Awards RLF

EPA awards an eligible
entity an RLF grant after
the evaluation/selection
process.

	A successful RLF can
continue to provide
capital within a
community for
decades.

	Grantee markets RLF
to target multiple
brownfield cleanups
within a community.

	Grantee manages
RLF with periodic
reporting to EPA
until funds are
depleted & program
income ends.

Cleanup subgrants made to
carry out brownfield
cleanup activities.

Leverage Funding

*

o o

w

o

RLF Recipient

& (m) fi flit -

Subgrant

Loan

Post Close Out Agreement funds
can be directly used in expanded
brownfield activities including
direct cleanup, phase I & phase II
assessments, and more.
RLF promotes communities to
leverage funds for land
revitalization.

m

fit

Land Revitalization

Program Income

When loans are repaid,
the loan amount is
returned to the fund and
can be loaned to other
borrowers, providing an
ongoing source of
capital within a
community.

Repaid interest on
the loan grows the
RLF overtime.
The revolved fund
promotes ongoing
community
Brownfield activity.

At least 50% of funds
must be loaned out or
used for programmatic
costs.

Grantee provides low-
interest loans to carry
out brownfields
cleanups activities.

Eligible uses of RLF Funds

include providing loans

and subgrants for:

	Removal of hazardous
substances

	Installing site security

	Analysis of Brownfield
Cleanup Alternatives

	Community
engagement

	Establishing
administrative records

O Revolving Loan Fund: Contact Brett Gilmartin  215-814-3405
For more information on EPA's Brownfield program, visit:

EPA Brownfields | EPA Brownfields and Land Revitalization in the Mid-Atlantic Region

United States
Environmental Protection
hI	Agency

U.S. EPA Region 3
September 2022
EPA 903-F-22-001


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