What Makes a Site Eligible for a Brownfields Revolving Loan?
Each Brownfields site and environmental cleanup is unique. However, all potential cleanups considered for loan funds are required to participate in the Idaho Department of Environmental Quality’s (DEQ) Voluntary Cleanup Program, described in more detail click here.
BRLF funds may be used at sites that are:
- Publicly-owned, either directly by a municipality or indirectly through a quasi-public entity such as a public development authority
- Owned by a nonprofit group such as a community development corporation
- Privately-owned by current or prospective property owners, banks, or developers
BRLF funds may be used to cover a number of site situations that don’t pose an immediate threat to public health or safety. Eligible site activities include prevention, abatement, or removal of hazardous substances or contaminants that might threaten public safety, drinking water supplies, or sensitive ecosystems.
Funds may not be used on:
- Sites listed or proposed for listing on the National Priorities List (Superfund sites)
- Sites where an enforcement action is planned or taken
- Sites under the control of the federal government. However, properties held in trust for Native American tribes are eligible.
An analysis and evaluation of each application will include a review of the environmental risks associated with the cleanup and the proposed redevelopment.