Somerville’s Brownfield Cleanup Revolving Loan Fund (BCRLF) is a program created through two grant awards from the U.S. Environmental Protection Agency. Within
the BCRLF, the City of Somerville can lend money to help finance cleanup at brownfield
sites. Brownfields are real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. Many brownfields lie abandoned or underused, and representing untapped opportunities for economic development. Furthermore, brownfields can potentially threaten public and environmental health.
Due to outstanding contamination issues, it is often difficult for redevelopers to secure financing for the remediation that is necessary to transform these areas into beneficial reuse for the community. The BCRLF intends to solve this problem by providing funds for environmental cleanup to redevelopers of brownfields. The City of Somerville’s Office of Strategic Planning and Community Development (OSPCD) is the lead agency responsible for administering the BCRLF program in Somerville.
Cleanup activities must be completed in accordance with all federal and state regulations and within 12 months from the date that onsite cleanup activity is initiated.
This funding expires September 30th, 2017 and will be given out on a first-come-first-serve basis.
For more information, please contact:
Economic Development Specialist
617-625-6600 x 2513