Many factors affect the redevelopment of Brownfields properties, including site ownership, the value of the property, regulatory requirements, potential for future site use, community support, and the cleanup requirements. The EPA established the Brownfields Economic Redevelopment Initiative to address these concerns and fund redevelopment activities. The initiative provides funding opportunities for states, local governments and public/private developers to return Brownfields properties to a useful state. In addition, both the federal government and the state of Idaho offer tax incentives for Brownfields redevelopment.
As part of this EPA Initiative, the Reuse Idaho Brownfields Coalition was awarded a $3,000,000 grant to establish the Idaho Brownfields Revolving Loan Fund (BRLF). This website provides information about the BRLF, including site and borrower eligibility, allowable cleanup costs and the loan application process. Basic loan terms and conditions are discussed and preliminary site eligibility can be determined using the Pre-Screening Checklists. The loan application form (link to application form) is available for download should you decide to pursue a Brownfields loan.