Brownfield redevelopment success is built on partnerships, with financing tools and strategies representing the core of these efforts. Brownfields span the range of real estate uses – commercial, industrial, recreational, residential, and others. Over many years, the federal government developed a range of financing tools (grants, loan and loan guarantee programs, tax incentives, equity investment, etc.) designed to encourage private sector participation in economic and community development; in recent years, many of these tools have been used to stimulate investment in the brownfields market. Each tool has a specific purpose and can play a distinct role in advancing the overall financing and redevelopment package at a range of brownfield properties. The applicability and value of these financing tools has ebbed and flowed as development needs and requirements changed, and this is certainly true in the current volatile economic climate.

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THE “FEDERAL TRIANGLE”-- KEY TOOL TYPES SUPPORTED BY FEDERAL PROGRAMS, THAT CAN ENHANCE BROWNFIELD REDEVELOPMENT