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Financial Assistance Ofiice of Brownfield Reuse HDSRF Loans & Grants Chart

 

HAZARDOUS DISCHARGE SITE REMEDIATION FUND LOANS & GRANTS AVAILABLE

HDSRF Chart Download [pdf 159 Kb]

PUBLIC SECTOR ASSISTANCE
APPLICANT FUNDS PHASE AMOUNT SPECIAL CONDIITIONS
Municipalities, Counties and Redevelopment Entities Grants

NJSA 58:10B-6(a)(2)(a(iii)

PA/SI/RI 100 % of PA/SI/RI (capped at $2 million per applicant per year)
  • Must have 1) tax sale certificate; 2) voluntarily acquired through foreclosure or similar means; 3) own site.
  • Adopt a comprehensive redevelopment plan specifically for contaminated sites, or demonstrate a commitment the site will be redeveloped within 3 years after the remediation is completed.
Municipalities, Counties and Redevelopment Entities Grants

NJSA 58:10B-6(a)(2)(a(ii)

Remedial Action

Affordable housing; Recreation/ Conservation purposes; Renewable Energy

75% of RA for recreation or conservation

50% of RA for affordable housing

75% of RA for Renewable Energy

Program cap of $2.5M per year

  • Adopt a comprehensive redevelopment plan specifically for contaminated sites, or demonstrate a commitment the site will be redeveloped within 3 years after the remediation is completed.
  • Rec./Cons. Grants-property must be preserved for conservation or recreation through a development easement or conservation easement or other restriction/easement restricting development. The HDSRF can provide a template for the draft easement.
Municipalities, Counties and Redevelopment Entities Grants

BDA sites

NJSA 58:10B-6(a)(2)(a(i)

Remediation (PA/SI/RI/RA)

100 % PA/SI/RI 75 % RA (capped at $2M per applicant per year)

Additional $1M

  • Adopt a comprehensive redevelopment plan specifically for contaminated sites, or demonstrate a commitment the site will be redeveloped within 3 years after the remediation is completed.
  • Lien (for the amount expended for remedial action costs) placed on property if municipality, county or redevelopment entity does not acquire site.
Municipalities, Counties and Redevelopment Entities Grants

Unrestricted Use Remedy (soil only)

NJSA 58:10B-6(a)(5)(b)

Remediation (RA)

25% "project" costs of the remediation for an unrestricted use remedial action

$250,000 cap

  • Adopt a comprehensive redevelopment plan specifically for contaminated sites, or a demonstrate a commitment the site will be redeveloped within 3 years after the remediation is completed
Municipalities, Counties and Redevelopment Entities Loans

Imminent & significant threat

NJSA 58:10B-6(a)(2)(a)(v)

Remediation (PA/SI/RI/RA)

100% of Remediation Activities (capped at $1 million per year)

  • Must own site
  • Adopt a comprehensive redevelopment plan specifically for contaminated sites, or a demonstrate a commitment the site will be redeveloped within 3 years after the remediation is completed
Municipalities, Counties and Redevelopment Entities Loans

PA/SI/RI is completed

NJSA 58:10B-6(a)(2)(a)(iv)

Remedial Action

100% of Remedial Action (capped at $2 million per year)

  • Must own site
  • Adopt a comprehensive redevelopment plan specifically for contaminated sites, or a demonstrate a commitment the site will be red veloped within 3 years after the remediation is completed
Persons

Qualifying Persons

Grants

Unrestricted Use Remedy

NJSA 58:10B-6(a)(5)(b)

Remedial Action

25% of the "project costs" for the RA that is specifically for an unrestricted use

$250,000 cap

  • "Qualifying person" means any person who has a net worth of not more than $2M
  • "Project costs" means that portion of the total costs of a remediation to implement an unrestricted use remedial action
Persons Loans

for sites with imminent & significant threat)

NJSA 58:10B-6(a)(2)(b)

 

100% Remediation (capped at $500,000 per year)

  • Eligible to the extent that applicant is not capable of establishing a remediation funding source (NJSA 58:10B-6c)
Persons Loans

for sites in qualifying municipality

NJSA 58:10B-6a(1)

Remediation (PA/SI/RI/RA)

100% Remediation (capped at $500,000 per year)

  • Eligible to the extent that applicant is not capable of establishing a remediation funding source (NJSA 58:10B-6c)
Persons Loans

EOZ

NJSA 58:10B-6(a)(5)

Remediation (PA/SI/RI/RA)

100% of Remediation (capped at $500,000 per year)

  • Exempt from demonstrating the ability to establish remediation funding source NJSA 58:10B-5a.(1); 58:10B-6c
Persons Loans

ISRA

NJSA 58:10B-5(b)

Remediation (PA/SI/RI/RA)

100% of Remediation (capped at $500,000 per year)

  • Eligible to the extent that applicant is not capable of establishing a remediation funding source NJSA 58:10B-5a.(1); 58:10B-6c
Persons Loans

Discharge of Hazardous Substance/Spill Act

NJSA 58:10B-5(b), 10B-6(a)(2)(b)

Remediation (PA/SI/RI/RA)

100% of Remediation (capped at $500,000 per year)

  • Eligible to the extent that applicant is not capable of establishing a remediation funding source NJSA 58:10B-5a.(1); 58:10B-6c
Non Profits Grants

(Pilot Program)

NJSA 58:10B-25.3

PA/SI/RI

(Capped at $5 million total)

  • All limitations and conditions for the award of grants to municipalities shall apply to the award of grants to nonprofit organizations