Monday, October 19, 2009

Stimulus Funding for Brownfields in San Francisco

$1.8 M in Stimulus Goes to Brownfields Jobs
Environmental Protection Online, October 19, 2009

The US Environmental Protection Agency (EPA) and the California Department of Toxic Substances Control (DTSC) recently announced $5 million in grants and low-interest loans that will help bring hundreds of jobs to the San Francisco Bay Area and turn contaminated property into land for apartments, retail shops, day care centers, and a park.

Funds for the revitalization work will come from the $1.8 million in federal stimulus money DTSC received from EPA over the summer, along with money from the DTSC’s Revolving Loan Fund Program, which offers low-interest loans and grants to clean up brownfields. The Revolving Loan Fund, launched three years ago with a $3 million grant from EPA, is overseen by DTSC in partnership with the San Francisco Redevelopment Agency and the city of Los Angeles. The partnership is expected to approve additional grants and loans in the near future.

Read the complete story here.

No comments: