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Brownfields Loan Program

Updated:
March 29, 2021

Applications accepted from January 14, 2021 through April 13, 2021.

The Brownfields Loan Program provides financing to potential brownfield site purchasers and current brownfield site owners (including local government redevelopers) that intend to develop commercial (including but not limited to manufacturing), retail, mixed-use developments, expansions or reuses.  The program offers low-interest financing of $100,000 to $5 million for all aspects of brownfields revitalization projects, including assessment, investigation, and demolition.  It is one of the only funding sources available to cover pre-construction planning, demolition, asbestos, PCB removal, and lead-based paint remediation.

Loans will be awarded through a competitive application process. Applications are due April 13th. Learn more and apply at https://www.njeda.com/bfloans.

Source:

NJEDA