2012 Revolving Loan Fund
EPA Brownfields Program
EPA's Brownfields Program empowers states, communities, and other stakeholders to work together to prevent, assess, safely clean up, and sustainably reuse brownfields. A brownfield site is real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. In 2002, the Small Business Liability Relief and Brownfields Revitalization Act was passed to help states and communities around the country cleanup and revitalize brownfields sites. Under this law, EPA provides financial assistance to eligible applicants through four competitive grant programs: assessment grants, revolving loan fund grants, cleanup grants, and job training grants. Additionally, funding support is provided to state and tribal response programs through a separate mechanism.
Revolving Loan Fund Grant
$650,000 for hazardous substances
$250,000 for petroleum
EPA has selected the City of Texarkana for a brownfields revolving loan fund grant. The grant will be used to capitalize a revolving loan fund from which the City of Texarkana will provide loans and subgrants to support cleanup activities for sites contaminated with hazardous substances and petroleum. Grant funds also will be used for marketing, management, program oversight, and community involvement activities.
For further information, including specific grant contacts, additional grant information, brownfields news and events, and publications and links, visit the EPA Brownfields Web site (http://www.epa.gov/brownfields).
EPA Region 6 Brownfields Team
EPA Region 6 Brownfields Web site (http://www.epa.gov/region6/6sf/brownfields/index.html)
Grant Recipient: City of Texarkana, Texas
The information presented in this fact sheet comes from the grant proposal; EPA cannot attest to the accuracy of this information. The cooperative agreement for the grant has not yet been negotiated. Therefore, activities described in this fact sheet are subject to change.