Targeted Brownfield Development Loan Program
Connecticut’s Targeted Brownfield Development Loan Program funds scientific investigation, remediation, and redevelopment of contaminated sites to enable safe, productive reuse and community revitalization.
Funder: Connecticut Department of Economic and Community Development
Due Dates (Anticipated): March 2027: Full application submission deadline (noon) (projected) | March 2027: Recommended deadline to request SharePoint folder / submit folder request (noon) (projected)
Funding Amounts: Loans of $500,000–$6,000,000 per project; up to 30-year term; low-interest (3%) with flexible payment schedules.
Summary: Provides low-interest loans for investigation, remediation, and redevelopment of brownfield sites in Connecticut to enable productive reuse.
Key Information: Minimum 10% developer equity required; prevailing wage applies to cleanup contracts ≥$1M; no loan forgiveness.
Description
The Targeted Brownfield Development Loan Program offers competitive, low-interest loan financing to support the investigation, assessment, remediation, and redevelopment of brownfield sites across Connecticut. The program is designed to address environmental and structural challenges associated with contaminated or underutilized properties, enabling their transformation into productive assets that support economic and community development. Eligible activities include soil and groundwater investigation, hazardous material abatement, waste disposal, environmental consulting, engineering, planning, and building remediation. Loans are available to a wide range of eligible entities, including municipalities, economic development agencies, brownfield land banks, and both for-profit and non-profit developers, provided they are not responsible for the contamination.
