Frankfort, Ky. (Nov. 26, 2018) –– The Kentucky Department for Environmental Protection’s (DEP) Brownfield Redevelopment Program is pleased to announce the availability of low-interest cleanup loans through its Cleaner Commonwealth Fund (CCF). Brownfields are properties are that abandoned or underutilized due to contamination or the perception of contamination. The CCF makes funds available to qualified entities wishing to clean up brownfield sites and put them back into productive reuse. Entities and properties must meet certain requirements to be eligible.
• Loans are available to nonprofits and local governments.
• Applicants must adhere to proper Bona Fide Prospective Purchaser guidelines to be eligible for cleanup loan funds.
• Properties must be considered brownfields.
• While in most cases the applicant must own the property, there are some cases where the property can be owned by a partner organization.