The Brownfield Redevelopment Authority (BRA) also manages a Local Brownfield Revolving Fund (LBRF). The LBRF is used to provide both grants and loans to fund the same eligible activities as the Brownfield Redevelopment Program. The LBRF may also be used to pay for all or part of the cost of environmental assessments for real estate acquisitions. This can be a great program for small businesses or startups that are moving to a new location, but don’t have a significant amount of building or redevelopment costs.
This program can be flexible to the needs of a project, and you can see how we allocate funding in the Local Brownfield Revolving Fund Policy link below. Because funding is limited, we prioritize projects for funding based on City development goals described in various plans, including:
Your first step to exploring eligibility for this program is to contact our office to discuss the project and its qualifications.