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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.

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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