Targeted Brownfield Development Loan Program

Targeted Brownfield Development Loan Program Overview The Targeted Brownfield Development Loan Program provides loan financing to eligible entities for costs associated with the and development of a brownfield. Latest Funding Rounds Announcements CLOSED 03/25/2026:   Round 23 Funding Round Announcements Click here  for the tentative schedule of future funding rounds Please revisit this site or sign up on the  mailing list  for the latest updates CLOSED 03/25/2026:   Remediation Loan – Round 23 Materials Remediation Loan Notice of Funding Availability - 23(RL) Application Forms Package Budget Summary Sheet - 23(RL) Application Form Remediation Loan - 23(RL) Budget and Return on Investment Form - 23(RL) Certification by Applicant - 23(RL) FAQ - Frequently Asked Questions - 23(RL)  (No Addendum) 12/17/2025:  Round 22 – Remediation Grant, Remediation Loan, Assessment-Only Grant, and BAR Planning Grant Awardees Announced Presentations and Video Recordings Webinar: An Overview of Round 23 PowerPoint Presentation | Video Recording Eligibility Enabling Statutes Section 32-765 Eligible Applicants Potential brownfield purchasers and current brownfield owners (including municipalities and economic development agencies) provided that a current owner did not contribute to any existing environmental contamination. Funding Amounts: Loans of up to $4 million (dependent on the maximum allowable amount in each funding round as published in the Notice of Funding Availability (NOFA)). Terms: Low-interest loans, with flexible/deferred interest and principal payment schedules to match private financing terms within statutory authority; maximum term of 30 years. Funding Process: Loans under this program will be made periodically on a competitive basis, based on a NOFA published on this website. Please check this page periodically for updates and information about upcoming funding rounds. How To Apply Applicants are required to fill out the Loan Application Form.  the form has two separate sections - Part A: Threshold Eligibility Section and Part B: Project Details.  An Applicant or Application may be denied funding after review of Part A of the Application form. All applications (along with attachments) shall either be: [PREFERED METHOD] Uploaded onto a SharePoint folder that will be provided by OBRD upon receipt of a request email sent to [email protected] Please make sure to include Applicant Name, brief Project Name, and Program Code (see NOFA) in the subject line Emailed to [email protected] Please make sure to include Applicant Name, brief Project Name, and Program Code (see NOFA) in the subject line Criteria for Awards Please refer to the NOFA posted for each competitive round for details on allowable funding amounts, award criteria, deadlines for submission and other information.   Some of the general criteria that will be used to review the applications include: Shovel-readiness and merits of project The economic and community development impact of the project and the projected tax revenues associated with returning a brownfield to productive use Relative economic condition of the municipality in which the brownfield is located Consistency with Local and State Plan of Conservation and Development Support of DECD’s and the State’s economic and other policy initiatives Private/Applicant leverage of funds and return on investment Applicant team’s experience Eligible Uses of Funding Costs associated with the and development of a brownfield, including but not limited to: Soil, groundwater and infrastructure investigation Assessment Remediation Abatement Hazardous materials or waste disposal Long-term groundwater or natural attenuation Other forms of institutional controls Attorneys’ fees for environmental consulting Planning, engineering and environmental consulting