The Redevelopment Authority of Montgomery County a grant of $450,000 in supplemental brownfields redevelopment funding from the U.S. Environmental Protection Agency Tuesday; one of 33 grants awarded.
The funding was awarded for brownfields work in economically disadvantaged communities across the country.
"These funds, going to communities who have already achieved success in their work to clean up and redevelop brownfield sites, will help revitalize distressed communities, improve public health, encourage innovation, and boost local manufacturing opportunities," said Mathy Stanislaus, assistant administrator for EPA's Office of Land and Emergency Management. “RLF funding is often the key to addressing critical financing gaps to leverage private sector resources to make cleanups and reuse of properties happen.”
RLFs supply funding for loans and subgrants to carry out cleanup activities at brownfield sites. The supplemental funding to each grantee ranges from about $200,000 to $500,000.
The supplemental funds help maintain momentum so that more cleanups can be completed. These funds are provided to communities who have already achieved success in their work to clean up and redevelop brownfield sites.
Collectively, these communities have already leveraged more than $600 million in cleanup and redevelopment investments. To date, the RLF grantees receiving supplemental funds have completed over 66 cleanups and provided more than 300 loans and subgrants.
RLF grants help to transform neighborhoods by stimulating the economies of distressed communities and contributing to much-needed community projects and economic development.
Click Here for a list of communities receiving supplemental brownfields funding.
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