IMPORTANT NOTICE - NJDEP HAZARDOUS DISCHARGE SITE REMEDIATION FUND (HDSRF)
Please be advised that the DEP is not processing new HDSRF applications at this time due to the large volume of applications already in-house pending review.
As noted in recent legislative hearings, the amount of funds currently available to the HDSRF brownfields remediation program is less than the amount of demand for the program.
Please note that all applications that have been approved by DEP and the Economic Development Authority (EDA) have their funding intact. If you received an approval letter, the funding still exists to complete your work plan and/or project.
The HDSRF program is funded by annual legislative appropriations based on a percentage of the Corporate Business Tax (CBT). Because CBT revenues have declined, the level of funding available to the program is not sufficient to satisfy current requests. In addition, as the program has become more popular, the number of requests for funding has increased dramatically.
As a result, the DEP and the EDA have jointly decided to suspend processing applications for grants and loans in order to focus on recovering funds that had been awarded but remain unexpended.
The DEP and the EDA will engage stakeholders in the near future to discuss policy, regulatory, and legislative changes that may be needed to ensure the fund remains viable and meets the original intent of the program.
All existing HDSRF applications and all new HDSRF applications will be processed as funding becomes available. At that time, the applications will be reviewed and processed in accordance with the statutory priority system.
If you have questions regarding these program changes, please call the DEP at (609) 292-1251. |
