Brownfield Clean-up Revolving Loan Fund
Brownfield Clean-up Revolving Loan Fund supports New Mexico brownfield cleanup projects, financing contamination remediation and asbestos removal or abatement to address environmental cleanup needs.
Funder: New Mexico Environment Department
Due Dates: No application deadline specified
Funding Amounts: Low-interest loans with favorable terms
Summary: Supports contamination remediation at eligible New Mexico brownfield sites, including asbestos removal or abatement.
Key Information: Projects must involve an eligible brownfield site in New Mexico; contact NMED to discuss eligibility.
Description
The New Mexico Environment Department (NMED) administers the Brownfield Clean-up Revolving Loan Fund to finance remediation of contamination at eligible brownfield sites in New Mexico. The program offers low-interest loans with favorable terms for environmental cleanup. Funding may also support asbestos removal or abatement.
Beyond financing cleanup itself, the fund can help projects leverage other resources needed for their work. NMED’s funding page places this support in the broader context of the U.S. Environmental Protection Agency’s brownfields program, citing a national average of $17 in additional funding leveraged for every dollar of brownfields funding.
