VERMONT BROWNFIELDS INITIATIVE

The Vermont Brownfields Initiative is a collaboration of the Agency of Commerce and Community Development (ACCD) and the Agency of Natural Resources (ANR). Combining the economic and community development expertise of ACCD with the technical environmental review functions of ANR will expedite the clean up of vacant, contaminated sites and implement productive re-use projects. This program will involve two new funding sources. Successful projects will be well planned, properly financed and meet the needs of the community.

Funding

ACCD's Vermont Community Development Program can provide funds for brownfield redevelopment projects. In addition to all other applicable VCDP program requirements, all brownfields projects must result in the reuse and occupation of the subject property within two years.

The Brownfields Revitalization Fund (BRF), administered by ACCD, provides eligible applicants with the ability to borrow up to $250,000 at attractive rates and terms for assessment, characterization and cleanup of contaminated sites. For project development assistance and financing, or information on how to apply to the Brownfields Revitalization Fund visit the ACCD Department of Economic Development.

Technical assistance

The Vermont Redevelopment of Contaminated Properties Program (RCPP) administered by the ANR Department of Environmental Conservation allows a prospective purchaser to acquire and clean up a contaminated property in exchange for receiving liability protection. More