Quick Reference  |  Summary

Ohio Brownfield Fund

Purpose

To incentivize the reuse of abandoned or underutilized property for a new economic purpose. When property is impacted by environmental contamination, lending institutions are often hesitant to provide financing to redevelop the site. The state Brownfield Fund is a viable option to kick-start redevelopment activities.

Program

Ohio's Brownfield Fund provides technical assistance and loans for planning, assessment and cleanup of properties contaminated with hazardous materials, asbestos, lead-based paint or petroleum. The program provides loans that are less costly than typical private bank loans.

For Whom

Loans are made to private business owners, communities and nonprofits.

Program Contact

Office of Energy and Redevelopment, Annie van Blaricom, (614) 728-3183

How Much

Technical Assistance as needed; Assessments: up to $500,000 per site; Cleanup: up to $5 million per site

Related Assistance

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