12C — July 24 - August 13, 2020 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
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RENTON, NJ — The New Jersey Eco - nomic Development NJEDA Receives $800,000 EPA Grant for Brownfield Cleanup and Redevelopment NJEDA receives $800,000 EPA Grant for Brownfield cleanup and redevelopment T
and nonprofits carrying out cleanup and redevelopment activities at brownfield sites. EPA also awarded grants to the cities of Camden and Jersey City and the nonprofit Cooper’s Ferry Partnership. In total, the Agency provided nearly $2.1 million to support brownfield remediation in New Jersey. “Supporting communities as they work to clean up and revi- talize contaminated properties is crucial for creating vibrant cities and neighborhoods and stimulating economic growth,” said NJEDA Chief Executive Officer Tim Sullivan . “EPA RLF funding will allow us to
provide more comprehensive and effective support for com- munities and organizations working to return contami- nated properties to productive use. This is always valuable, but it will have a particularly significant impact now, when resources are stretched thin everywhere due to COVID-19.” Governor Murphy identified brownfield remediation and redevelopment as an important component of smart planning that will allow New Jersey to meet its goals for economic growth, minimize the envi - ronmental impacts posed by former industrial properties,
and help communities become more sustainable and resilient. To facilitate brownfields rede - velopment, Governor Murphy has proposed a new set of pro- grams, including a remediation and redevelopment tax credit, as well as an enhanced brown - fields loan program through the NJEDA. In addition to these proposed programs, in March 2019 the NJEDA and the New Jersey Department of Environ- mental Protection (NJDEP) entered into anMOU to expand the Community Collaborative Initiative (CCI), a program that embeds NJDEP staff in tar -
geted communities to help them navigate complex environmen- tal stressors and set a pathway for successful remediation and redevelopment. The CCI currently operates in twelve communities around New Jer- sey: Bayonne, Camden, Perth Amboy, Trenton, Bridgeton, Jersey City, Millville, Newark, Paterson, Paulsboro, Salem City, and Vineland. While the EPA RLF grant will be used to provide low- interest loans and sub-grants to support brownfield cleanup and redevelopment throughout the state, the NJEDA’s RLF program will target the twelve CCI communities, which have high instances of brownfields, poverty, health disparities, and need for revitalization. Funds will go toward revitalizing va - cant and abandoned properties to provide community assets such as housing, recreation and open space, health facili- ties, and commerce opportuni- ties. As borrowers repay these loans, the fund will re-lend that money to other borrowers, providing an ongoing source of capital for community improve- ment projects. “Economic development and environmental protection go hand in hand,” said New Jer - sey Department of Environ - mental Protection Commis- sioner Catherine R. McCabe . “This grant award will spark community revitalization, strengthening our communi- ties and our ecosystems at the same time. New Jersey’s Community Collaborative Initiative, which started in Camden, is a valuable example of how funding redevelopment creates economic activity and I’m pleased that the DEP and NJEDA can replicate that model in cities throughout the state.” In addition to the $800,000 grant to the NJEDA, EPA also awarded $500,000 Brownfields Cleanup Grants to the Cities of Camden and Jersey City to support the cleanup and revitalization of the Borden Chemical manufacturing fa- cility in Camden and the Mill Creek industrial site in Jersey City. The Agency also awarded $299,451 to Cooper’s Ferry Partnership Inc. to identify sites for assessment in the North Camden neighborhood, assess those sites for haz - ardous substances, complete cleanup and reuse plans, and carry out community outreach activities. MAREJ
Author i ty (NJEDA) an- nounced that it will receive an $800,000 U n i t e d States En- vironmen- tal Protec- tion Agency
Tim Sullivan
(EPA) Revolving Loan Fund (RLF) Brownfields grant. The NJEDA can use this funding to capitalize a revolving loan fund or to provide subaward grants to communities, developers,
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