2002 CPEO Brownfields List Archive

From: CPEO Moderator <cpeo@cpeo.org>
Date: 7 Jun 2002 04:19:42 -0000
Reply: cpeo-brownfields
Subject: [CPEO-BIF] [CPEO-MEF] Brownfields Legislation Passes the House
 
Brownfields Legislation Passes the House 

WASHINGTON, DC, June 5, 2002 (ENS) - The House of Representatives has 
passed legislation that would promote the cleanup and redevelopment of 
brownfields - contaminated, abandoned industrial sites. 
By a unanimous voice vote, the House passed the Brownfields 
Redevelopment Enhancement Act of 2001 (HR 2941), designed to improve 
local communities' flexibility in redeveloping brownfields properties. 

"The purpose of H.R. 2941 is to provide cities with new financing 
options for brownfields redevelopment," said Representative Gary Miller, 
the California Republican who drafted the legislation. 

The bill separates the Housing and Urban Development (HUD) department's 
Brownfields Economic Development Initiative (BEDI) grants from its 
Section 108 loan guarantee program. Under current law, in order to 
access a BEDI grant, cities must first obtain a Section 108 loan 
guarantee that is secured by its Community Development Block (CDBG) 
grant. 

Because CDBG grants are the largest source of federal assistance to 
state and local governments for community development activities, cities 
are reluctant to use these funds as loan collateral. As a result, the 
BEDI grant program has been difficult to access. 

This article can be viewed in its entirety at:
http://ens-news.com/ens/jun2002/2002-06-05-09.asp#anchor1

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