Minnesota Cleanup Revolving Loan Program

Purpose
This program was capitalized with funds granted by the U.S. Environmental Protection Agency in 2003 to provide low-interest loan funds to clean contaminated sites and to provide greater opportunities to convert contaminated property into a marketable asset.

Customers and Services
Cities, counties, developers, sub-units of local governments—including economic development, housing redevelopment, and port authorities—and for-profit and non-profit organizations are eligible. Loans are targeted to economic development projects showing the greatest need, exhibiting long-term project viability, and demonstrating the capacity for repayment. Loan funds may be used to pay for any portion of costs for a project with an approved Response Action Plan (RAP) for the cleanup of soil and/or groundwater affected by the release of hazardous substances, pollutants, or contaminants; and may pay for demolition of buildings if necessary to implement a RAP and cleanup-related site sampling and monitoring, and costs associated with meeting requirements for public participation in project review.

Measures - Reporting period is state fiscal year (SFY), July 1 - June 30

More DEED measures: Uniform Program Accountability Measures

Funding Source and Expenditure (in thousands)

Statutory Authority
-- Minn. Stat., Chap. 116J.551; Federal Small Business Liability Relief and Brownfields Revitalization Act, Public Law 107-118

Contact Information
Meredith Udoibok, Director
Phone: 651.259.7454 or toll-free: 800.657.3858; TTY: 651.296.3900

This information current as of December 2011.