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Brownfield Cleanup Revolving Loan Fund

The Redevelopment Authority of the City of Milwaukee (RACM) has been awarded $10.2 million from the USEPA since 2002 to create a Brownfield Cleanup Revolving Loan Fund (BCRLF).  The purpose of the BCRLF program is to facilitate the reuse and redevelopment of contaminated properties by making low-interest loans available for financing environmental cleanups.   Loan amounts generally range between $200,000 and $1,250,000.

Eligibility:

  • Property must be located in the City of Milwaukee.
  • Property must have an actual release or substantial threat of release of a hazardous substance, pollutant, or contaminant.
  • Applicant must be able to demonstrate protection from CERCLA liability.
  • Applicant must conduct environmental cleanup in accordance with the NR 700 series of the Wisconsin Administrative Code and achieve enviromental closure.
  • Preference is for commercial or industrial redevelopments that create jobs and for residential projects with affordable housing components. 
  • Applicant must be current on all property taxes and free from code violations.
  • Additional eligibility requirements are outlined in the BCRLF guidelines and BCRLF application.

Additional Loan Parameters:

  • Loan funds must be used for eligible environmental cleanup expenses.  Eligible costs must be approved prior to the work being conducted.
  • Loan funds are paid on a reimbursement basis (exceptions may be available).
  • Loan amount, interest rate, terms, and payment schedule are negotiable.
  • Use of minority-owned, women-owned, small, and disadvantaged business enterprises is encouraged.
  • Compliance with the Davis-Bacon Act may be required.
  • Applicants may be required to demonstrate a 20% match of eligible loan expenses.
  • A 30-day public comment period and public hearing may be required.
  • Applications are reviewed/approved on a continuous basis.
  • Additional loan parameters are outlined in the BCRLF guidelines and BCRLF application.

Application Materials:

Interested parties are encouraged to contact Tory Kress (414-286-8268 or via email) prior to applying in order to discuss project details.

BCRLF in the News

Spike Brewing

Journal-Sentinel Building

The Community Within the Corridor

Admiral's Wharf

City of Milwaukee Department of Administration Director Sharon Robinson 

 


For more information about the Brownfield Cleanup Revolving Loan Fund, contact:

Tory Kress


  414-286-8268


Email


 

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