Targeted Brownfield Development Loan Program
Forecasted
The Targeted Brownfield Development Loan Program funds research, assessment, and remediation to transform contaminated sites into productive assets in Connecticut.
Funder: Connecticut Department of Economic and Community Development
Due Dates (Anticipated): September 2027 (Application deadline, projected)
Funding Amounts: Loans from $500,000 up to $6,000,000 per project; maximum term up to 30 years; minimum 10% developer equity required.
Summary: Provides low-interest loans to support investigation, remediation, and redevelopment of brownfield sites in Connecticut for economic and community revitalization.
Key Information: Applications must be submitted via the Euna electronic portal; no loan forgiveness; prevailing wage requirements may apply for projects with $1M+ in cleanup funding.
Description
The Connecticut Department of Economic and Community Development (DECD) offers the Targeted Brownfield Development Loan Program to assist eligible entities in transforming contaminated or underutilized properties (brownfields) into productive community assets. This program provides low-interest loans to support a range of activities, including site investigation, environmental assessment, remediation, hazardous material disposal, and redevelopment planning and consulting. The initiative aims to reduce blight, encourage economic growth, and return brownfields to beneficial use, with a focus on projects that demonstrate strong community and economic development impacts.
