The Connecticut Department of Economic and Community Development’s (DECD) Office of Brownfield Remediation and Development (OBRD) has announced availability of funding under the State’s Municipal Brownfield Grant and Targeted Brownfield Development Loan Programs, and is inviting applications for same.
The deadline to submit applications to DECD for this funding round is September 23, 2022 at 3:00 pm.
The Municipal Brownfield Grant Program funding is available to municipal applicants for costs associated with investigating, remediating, and developing a “brownfield.” DECD encourages public-private partnerships and has the ability to structure pass-through grants from eligible municipal applicants to private partner entities. More information and details regarding the program and funding round is available here.
The Targeted Brownfield Development Loan Program is designed to provide low-interest loans for eligible costs of brownfield remediation projects to potential brownfield purchasers and certain current brownfield owners who are not directly responsible for property conditions and are seeking to revitalize such brownfield. More information and details regarding the loan funding round is available here.
Please contact our Environmental group if you would like additional information or need advice about these funding opportunities:
Deborah R. Brancato
Partner
203.252.2648
dbrancato@carmodylaw.com
This information is for educational purposes only to provide general information and a general understanding of the law. It does not constitute legal advice and does not establish any attorney-client relationship.