NJEDA’s Brownfields Loan Program

04 Jan 2021 1:51 PM | Melissa Dulinski (Administrator)

Applications for the NJEDA’s new Brownfields Loan Program open on January 14th, 2021! Learn more and apply today at https://www.njeda.com/bfloans.

The Brownfields Loan Program provides low-interest loans of up to $5 million to potential brownfield site purchasers and current brownfield site owners who intend to develop commercial, retail, or mixed-use developments, expansions, or reuses. Unlike many funding sources for brownfields projects, the Brownfields Loan Program will finance pre-construction planning, demolition, asbestos, PCB removal, and lead-based paint remediation.

Applications will be open from January 14th to April 13th, 2021. Loans will be awarded through a competitive application process, with projects receiving scores based on various details about the brownfield site and the proposed redevelopment project. Projects that provide beneficial end uses will receive higher scores.

Learn more and prepare to apply today at https://www.njeda.com/bfloans.

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