EHS Management

How to Finance a Brownfields Property

Targeted Assessments

EPA’s Targeted Brownfields Assessment (TBA) program is designed to help minimize the uncertainties of contamination often associated with brownfields.

The TBA program is not a grant program, but rather a service provided in which EPA directs a contractor to conduct environmental assessment activities at a specific site. The TBA assistance is available directly through EPA Regional Brownfields offices, and from state or tribal voluntary cleanup programs (VCPs) using EPA funds.


When it comes to environmental compliance, the Environmental Manager’s Compliance Advisor Newsletter is your "peace of mind" guide to environmental protection agency (EPA) regulations at 40 CFR. Learn More


A TBA may encompass one or more of the following activities:

  • An All Appropriate Inquiry assessment, including a historical investigation and a preliminary site inspection
  • A more in-depth environmental site assessment, including sampling activities to identify the types and concentrations of contaminants and the areas to be cleaned
  • Evaluation of cleanup options and/or cost estimates based on future uses and redevelopment plans

The TBA selection process varies with each EPA region and by each state and tribal voluntary response program. When administered directly by EPA regional offices, the regions have discretion in selecting areas to target for environmental site assessment assistance and typically prefer to target properties that are abandoned or publicly owned, have low to moderate contamination, include environmental justice issues, suffer from the stigma of liability, or have a prospective purchaser willing to buy and pay for the cleanup of the property, if needed. Examples of EPA Regional TBA criteria include:

  • Property control and ownership transfer is not an impediment.
  • There is a strong municipal commitment, financially and through other resources, and clean municipal vision and support.
  • There is a clear benefit and need for property revitalization.
  • There are adequate leveraged funds available for cleanup and redevelopment, and/or the property has strong development potential.
  • EPA assessment assistance is crucial to the property’s redevelopment; lack of assessment has proven to be an obstacle.
  • Existing information supports redevelopment.
  • The project area has a clear need for revitalization evidenced by significant deterioration and/or significant environmental justice issues.
  • A direct health and/or environmental threat will be mitigated, or property revitalization will serve to spur further beneficial activity in the surrounding area.

Join the thousands of environmental professionals who have counted on the Environmental Manager’s Compliance Advisor newsletter’s practical advice and best practice case studies for over 30 years. Learn More


Reporting

All assessment, cleanup, RLF, state and tribal property-specific, and TBA grant recipients must report to EPA on a regular basis. All grant recipients must develop and regularly maintain a brownfields property profile form for each property targeted with EPA brownfields grant assistance. Recipients of job training grants must submit the Job Training Reporting Form.

When it comes to environmental compliance, the Environmental Manager’s Compliance Advisor is your "peace of mind" guide to environmental protection agency (EPA) regulations at 40 CFR. This plain-English newsletter gives you practical compliance advice on every key environmental compliance topic and acronym from CERCLA … RCRA … NESHAPS… NPDES … to SPCC.

Join the thousands of environmental professionals who have counted on the Advisor newsletter’s practical advice and best practice case studies for almost 25 years.

As part of your subscription, you will receive a quarterly insert. This added feature, EHS & Your Business, will help you inform senior management and other key decision makers in your company of business-critical developments in the field of environment, health, and safety (EHS). Each quarterly insert will spotlight one strategic and timely issue as well as briefly highlight the most important EHS legal developments that could affect your business operations, EHS strategy, and EHS ROI.

The practical features in this twice-monthly advisor eliminate the worry that you might miss, or misunderstand, an important new regulation. Interested? Learn More Here.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.