BCRLF

What is a Revolving Loan Fund?

The RPC loans money to eligible parties for the cleanup of a brownfield site. When the loan is repaid, the
money becomes available to make additional brownfield cleanup loans, thus revolving the funds and
creating a perpetual source of funding for brownfield cleanup. This program works in conjunction with RPC’
s Brownfield Assessment Program, which provides grants for environmental assessments of sites enrolled in
the RPC’s brownfield program.

What funding is available?

Funding support is available from the US Environmental Protection Agency (EPA) for both environmental
investigations and cleanup.

Grants are available for environmental site assessments. If the site assessment determines that
contamination is present at the site, funding support to cleanup or mitigate the contamination is available
through the Brownfield Cleanup Revolving Loan Fund (BCRLF). This is a below market rate loan with
flexible payback terms. Payback of the loan can begin after the site has been redeveloped. The loan can
only be used for activities related to managing the contamination at the site. RPC can assist you with
finding other sources of funding to redevelop the site.

Interested applicant should complete the application form on our Apply for Funding page.

What can the loan funds be used for?

The BCRLF can only be used for cleanup related activities, such as:

Activities associated with removing, mitigating or preventing the release or threat of a release of a
hazardous substance, pollutant, or contaminant;
Site monitoring activities which are necessary during the cleanup process, including monitoring to
determine if the cleanup has been effective; and
Costs associated with meeting public participation, worker health and safety, and interagency
coordination requirements.

The BCRLF funds may not be used for pre-cleanup environmental activities, such as site environmental
assessments, and contaminant identification and characterization. Brownfield grant money may be
available to help cover the cost of assessment and characterization.

What are the loan terms?

Loan terms are flexible and dependent upon project and borrower needs.

If the loan is repaid within one year of dispersal, no interest will be due on the amount of the loan.

Interests rates will be below prime rate as determined by the Regional Planning Commission BCRLF
(generally 1-2%).

There is no minimum loan amount. Contact the RPC's Brownfield Program Coordinator for the
maximum size loan available.
There are no prepayment penalties on loans.

If the loan is made to a government entity and is repaid according to the designated payment
schedule, ten percent (10%) of the total amount of the loan may be forgiven. If the loan is made to a
nonprofit organization with a 501(c) 3 status , up to twenty percent (20%) of th loan may be forgiven.

Up to ten percent (10%) of the total loan amount may be designated for administration costs.

Additional terms and conditions apply. Contact the RPC's Brownfield Program Coordinator for more
information

Who administers the funds?

The Regional Planning Commission of Jefferson, Orleans, Plaquemines, St. Bernard and St. Tammany
Parishes (RPC) received a federal grant from the EPA to distribute funds to eligible projects in St. Bernard,
Plaquemines, and St. Tammany Parishes. The RPC will be responsible for choosing the environmental
consultant to perform the work, as well as oversight of cleanup activities. The landowner will have input
into the decision process and will be involved in every step of the cleanup.

Interested applicant should complete the application form on our Apply for Funding page.