The Ohio Brownfield Fund is a collection of funding sources that can be used to help plan, assess, and remediate brownfields throughout the state. A brownfield is a piece of property whose redevelopment is complicated by the potential presence of environmental contaminants such as hazardous substances, asbestos, lead-based paint, and petroleum. Brownfield redevelopment allows a community to reclaim and improve its lands, making property viable for new development.
Ohio is a national leader in brownfield redevelopment. Please contact our office if you have a potential project and our team of professionals will guide you through the process and determine the best funding opportunity for your situation. Additionally, by filling out the Project Intake Form, you can provide us with the information we need to begin identifying the incentives that may be appropriate for the project.
The Fund can provide technical assistance and small amounts of grant funding for planning of brownfield-impacted areas.
The Fund can provide loans up to $500,000 for Phase II Environmental Assessments. The loans can be made with flexible terms, including deferred repayment periods, up to a 10-year term, and below-market interest rates.
If you are seeking funding to perform a Phase I Environmental Assessment, click here for the Ohio EPA’s Targeted Brownfield Assessment Program which can perform Phase I assessments free of charge.
The Fund can provide loans up to $5,000,000 for environment cleanup, including demolition associated with the cleanup of hazardous substances, asbestos, lead-based paint, and petroleum. There are no job requirements for this funding, but the borrower must show their ability to repay the loan. These loan funds can be made with deferred repayment periods, up to a 10-year term, and below-market interest rates.
ODSA also assists JobsOhio in administering the JobsOhio Revitalization Fund which can provide grants and loans for both brownfields and other vacant or blighted properties with committed end users. If you are interested in this funding, contact the JobsOhio Network for your area to discuss.