$50 million+ will be made available this year.
With the passage of the BUILD Act this year, there are important changes to the grant applications including special consideration given to communities and projects on any waterfronts or floodplains. There are three categories of opportunities for Brownfield grant funding, as follows:
Multipurpose Grants – each proposal is funded up to $800,000 over five years. EPA anticipates selecting ten proposals.
Assessment Grants – Community-wide and Site-specific proposals are each funded up to $200,000 over three years; Assessment Coalition proposals are funded up to $600,000 over three years. EPA anticipates selecting 114 proposals.
Cleanup Grants each proposal funded up to $500,000 over three years. EPA anticipates selecting 40 proposals. Brownfield sites where EPA Cleanup Grant funds were previously expended may not receive additional EPA Cleanup Grant funding in FY 2019.
EPA is hosting a webinar on December 11, 2018, at 2 pm (ET). The webinar is to assist applicants with understanding the Multipurpose, Assessment, and Cleanup Grant Guidelines. Participants can join the audio conference line at 1-866-299-3188 using access code: 202-566-1817, and the web conference at https://epawebconferencing.acms.com/fy19_mac/
SCS Engineers routinely and successfully supports our clients with Brownfield’s grant writing and grant application reviews, in addition to our Brownfields and Remediation Services.
Applications are due by January 31, 2019. Please contact Amy Dzialowski, our Brownfields Grant Specialist or Service@scsengineers.com if you have a property or redevelopment district that you think is a good fit for pursuing these funds, or for a conversation regarding this program.
Amy Dzialowski, Project Director, and SCS’s Brownfields Grants National Expert
SCS Engineers periodically prepares Technical Bulletins to highlight items of interest to our clients and friends. Our most recent SCS Bulletin summarizes the Brownfields BUILD Act (Brownfields Utilization, Investment, and Local Development). The BUILD Act was signed into law in March 2018, amending the Brownfields provisions of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). Specific changes include increased eligibility for funding, additional liability protections, and changes to grant programs. The link above will take you directly to the summary.
SCS will continually update coverage of this Act on our website. I welcome you to use our staff resources for guidance or to answer questions.
On April 9, 2018, the U.S. Department of Treasury and the IRS approved Opportunity Zones for: American Samoa; Arizona; California; Colorado; Georgia; Idaho; Kentucky; Michigan; Mississippi; Nebraska; New Jersey; Oklahoma; Puerto Rico; South Carolina; South Dakota; Vermont; Virgin Islands; and Wisconsin. The Treasury Department has made the final designations of Opportunity Zones in more states during June 2018.
Use this interactive map to locate eligible zones in your state.
Opportunity Zones are communities where new investments may be eligible for significant tax incentives. The zones are based on Census Tracts that meet income criteria, and were created in the federal Tax Cuts and Jobs Act of 2017 as a means of helping economically depressed areas through tax incentives for new private investments.
Investors can defer tax on prior gains invested in a Qualified Opportunity Fund (a fund set up to make investments in Qualified Opportunity Zones). In addition, if investors hold the investment in the Opportunity Fund for at least five years they are eligible for capital gains tax reductions or exemptions. If they hold the investment in the Opportunity Fund for at least ten years, they are eligible for an increase in its basis equal to the fair market value of the investment on the date that it is sold.
Brownfields and Opportunity Zones
Many of the communities in the Opportunity Zones have properties impacted by environmental contamination. The Opportunity Zones program provides an economic tool to attract developers and financial backing to communities with brownfield redevelopment needs.
If you are interested in investing in a potential brownfield site, contact SCS Engineers to help you evaluate and manage environmental concerns associated with your site. Visit www.scsengineers.com to learn more.
San Diego County is in the midst of an affordable housing shortage — and more units could be lost as government-aided housing agreements expire over time. And the state of California isn’t fairing much better based on a report released by the California Housing Partnership Corporation. BRIDGE Housing, a firm formed in 1983 to address the affordable housing shortage, is doing their part to fill the gap.
One of their recent developments, COMM22, is a mixed-use, mixed income, transit-oriented development located at Commercial and 22nd streets. The development combines much-needed affordable family and senior rental housing with day care facilities, commercial and retail space, affordable townhomes that are currently under development, and future market-rate flats.