Other Funding Sources
Other Brownfield funding Sources
Understanding Other Funding Sources — In addition to funds provided by the Nevada Brownfields Program, Nevada's communities may access a variety of other monies for their brownfields redevelopment projects. Some of these monies are brownfields specific, but brownfields projects may also benefit from sources of funding which are not brownfields specific.
Direct funding from USPA — Targeted Brownfields Assessment — Like the state's Targeted Site Assessment program, US EPA Region IX may provide assessment services with their federal monies for brownfields projects in the State of Nevada. For more information on the federal Targeted Brownfields Assessment program, see USEPA's website.
Assessment — Assessment grants provide funding for a grant recipient to inventory, characterize, assess, and conduct planning and community involvement related to brownfield sites. An eligible entity may apply for up to $200,000 to assess a site contaminated by hazardous substances, pollutants, or contaminants (including hazardous substances co-mingled with petroleum) and up to $200,000 to address a site contaminated by petroleum. The performance period for these grants is two years.
Department of Housing and Urban Development — HUD is one of the major players in economic revitalization involving brownfields projects. Non-brownfields-specific funding mechanisms administered by HUD, including Section 108 loan guarantees, Community Development Block Grants, and Empowerment Zone/Enterprise Community designations, can all be leveraged by brownfields projects. HUD also offers brownfield-specific grants to help in this process. Go here for general information on the role of HUD in the brownfields program
Economic Development Administration provides substantial grants for brownfields redevelopment in distressed areas. These funds can be accessed through local Economic Development Authorities.