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. Cleaning up and reinvesting in these properties increases local tax bases, facilitates job growth, and both improves and protects the environment.
The State of Maine Brownfields Revolving Loan Fund (BRLF) program is a partnership between the Maine Department of Economic and Community Development (DECD) and the Maine Department of Environmental Protection (DEP). DECD is the financial manager and DEP is the environmental manager. The primary goals of the State of Maine's BRLF program is to clean-up sites, foster redevelopment, and sustain the BRLF.
Since the program's inception in Maine in 2010, when the State was first awarded brownfields funding, the State of Maine's BRLF Program has been successfully administering the brownfields program to ensure the proper assessment and cleanup of brownfields properties throughout the State. As of June 2019, the State of Maine's BRLF program has been awarded approximately $4,000,000 and has 22 completed loans and/or subawards: 4 are committed loans and 18 are committed subgrants.
This BRLF enhances DEP's current Brownfields Program by providing an additional source of funding for remediation of brownfield sites. DEP has identified sites as having high redevelopment potential and a complete brownfields assessment, but due to lack of funding have not been cleaned up. Previously, public funds were not available for private businesses to clean-up hazardous substance sites. Low interest loans through the BRLF, along with DEP technical support under the 128(a) program, allow eligible parties to tackle costly contamination issues so that these areas can be returned to productive use. BRLF funds are an added resource to leverage private developer funds, municipal funds and/or state funds.
For more information on the Brownfields Revolving Loan Fund Program please visit: http://www.maine.gov/dep/spills/brownfields/index.html.