The Brownfields Revolving Loan Fund makes financing available to public, private and non-profit borrowers for the remediation of properties contaminated with hazardous substances. Conducting environmental cleanups enables these properties to be redeveloped and returned to productive use. Financing terms for loans made through the Brownfields Fund, including interest rates, fees and loan term, are made on a case-by-case basis.
The Department of Environmental Management (DEM) is the Infrastructure Bank’s regulatory partner for the Brownfields Fund. For a project to be eligible for financing through the Brownfields Fund, it must first be placed on DEM’s Project Priority List (PPL).
Remediated brownfields are perfect locations for siting clean energy infrastructure! Click here for presentations on this topic made at the 2018 Rhode Island Infrastructure Summit.