The U.S. Environmental Protection Agency awarded the Indiana Finance Authority $300,000 in supplemental funding for brownfield cleanups.
The money is part of $6.9 million the agency awarded to 25 Brownfields Revolving Loan Fund grantees it considers “successful.”
“The Finance Authority has demonstrated an outstanding ability to leverage funds to clean up and redevelop brownfield sites throughout Indiana,” said EPA Region 5 administrator Kurt Thiede. “Brownfield cleanups can help stimulate economic redevelopment and community revitalization.”
The EPA’s Brownfield Revolving Loan Fund are zero- or low-interest loans that, when repaid, are returned to the fund and lent to more communities. The EPA said the fund has provided capital for 759 cleanups.
"This award of RLF supplemental funding to the state will further advance Indiana's success in cleaning up brownfield sites and helping communities improve their economies," said Dan Huge, Indiana public finance director. "This funding will support Governor Holcomb’s priority to continue cultivating our strong and diverse economy in Indiana and serve as a vital aspect in turning blighted brownfield sites into neighborhood assets."
In early May, the EPA also awarded seven Indiana communities $2.7 million in grants for brownfields assessment projects.