CRDC was selected by the EPA for an $800,000 brownfields revolving loan fund grant. CRDC will provide loans andsubgrants to support cleanup activities for sites contaminated with hazardous substances.The funding is part of more than $62 million in EPA Brownfields investments across the region announced by the EPA to protect health and the environment, create jobs and promote economic redevelopment in American communities.
"The first step in restoring and redeveloping polluted properties is cleaning them up, and these EPA Brownfields Grants will help do just that," said EPA regional administrator Curt Spalding. "These grants are important investments for the future of NH redevelopment."
"CRDC is very pleased that it was awarded an additional $800,000 to re-capitalize its existing $1.0 million Brownfields RLF," said Stephen Heavener, executive director, CRDC. "The Brownfields RLF program is a very important tool that CRDC has added to its various non-traditional loan programs that enables developers, business owners and municipalities to access affordable capital to assist with the cleanup of environmentally impacted sites."
The check presentation was made to CRDC at the redevelopment site of the former tannery site in Penacook. The Allied Leather tannery site is now owned by the City of Concord and major cleanup is underway made possible by EPA Brownfield funding.
CRDC Executive Director, Stephen Heavener accepts the $800,000 grant from EPA Reg. Admin. Curt Spalding.