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Chapter 5: Funding and Redevelopment
Resources |
|
Introduction |
86 |
|
Private Financing Sources |
86 |
|
Debt Capital |
87 |
|
|
Commercial Banks |
87 |
|
|
|
The Community Reinvestment Act |
87 |
|
|
Life Insurance Companies |
87 |
|
|
Pension Funds |
88 |
|
|
Savings and Loan Institutions |
88 |
|
|
Mortgage Bankers and Brokers |
88 |
|
|
Property Owners (Purchase-Money Mortgages) |
89 |
|
Equity Capital |
89 |
|
|
Venture Capital |
89 |
|
|
|
Informal Venture Capital Opportunities |
90 |
|
|
Brownfield Developers |
90 |
|
Lender Confidence |
91 |
|
|
Escrow Funds |
92 |
|
|
Letters of Credit |
92 |
|
|
Additional and Substitute Collateral |
93 |
|
|
Insurance |
93 |
|
Federal Programs & Funding |
94 |
|
EPA Brownfields Program |
95 |
|
|
Technical and Financial Support |
95 |
|
|
Partnerships to Protect Human Health and the Environment |
97 |
|
|
|
Brownfields Federal Partnership Action Agenda |
97 |
|
|
|
Brownfields Showcase Communities |
98 |
|
|
|
Clean Water State Revolving Fund Program |
99 |
|
|
Initiatives to Encourage Private Sector Involvement |
99 |
|
|
|
Federal Tax Incentive |
99 |
|
|
|
Clarifying Liability Concerns |
100 |
|
Resources for Funding and Assistance Outside of EPA |
100 |
|
|
Brownfields Economic Development Initiative Grants |
100 |
|
|
Community Development Block Grants (CDBGs) |
101 |
|
|
Section 108 Loan Guarantees |
103 |
|
|
Renewal Communities, Empowerment Zones and, Enterprise Communities |
104 |
|
|
7 (A) Loan Guarranty |
105 |
|
|
Certified Development Company Loan Program (SBA 504) |
106 |
|
|
Historic Preservation Tax Incentive Program |
107 |
|
|
EDA Public Works Grants |
108 |
|
|
Defense Adjustment Program |
109 |
|
|
Economic Development Adjustment Assistance (Title IX) |
111 |
|
|
USDA Business and Industry Direct Loans (Rural) |
111 |
|
|
Business and Industry Guaranteed Loans |
112 |
|
|
Rural Economic Development Loans (electrical and telephone
utilities) |
112 |
|
|
Transportation Equity Act for the 21st Century |
113 |
|
|
Transportation/Community/System Preservation Pilot Program |
114 |
|
|
U.S. Army Corps of Engineers |
115 |
|
State Programs and Funding |
116 |
|
Voluntary Cleanup Programs |
116 |
|
|
The Massachusetts Contingency Plan (MCP) |
116 |
|
|
Iowa’s Land Recycling Program |
119 |
|
|
Pennsylvania’s Land Recycling Program |
121 |
|
|
California’s Voluntary Cleanup Program |
122 |
|
Financing Tools |
123 |
|
|
State Enterprise Zones |
123 |
|
|
Loan Guarantees |
123 |
|
|
Loan Programs |
124 |
|
|
Business Development Corporations |
124 |
|
|
Indemnifications |
124 |
|
|
State Community Development Block Grants |
125 |
|
Local Programs and Funding |
125 |
|
Financing Tools |
126 |
|
|
Loans |
126 |
|
|
|
Loan Guarantees |
126 |
|
|
|
Revolving Loan Funds |
126 |
|
|
|
Bond Financing |
127 |
|
|
|
Tax Credits |
128 |
|
|
|
Tax Increment Financing Districts |
129 |
|
|
Leases |
130 |
|
|
|
Tax Abatements |
131 |
|
|
|
Provision of Public Infrastructure |
131 |
|
Non-Profit Resources |
132 |
|
Non-Profit Participation |
132 |
|
Foundations |
134 |
|
Land Trusts |
136 |
|
Conclusion |
137 |
|
|
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