Module #5 | Financing the Project: Tapping into Unprecedented Federal Funding

DESCRIPTION

This module explores federal funding opportunities available through the Infrastructure and Jobs Act and the American Recovery Act, focusing on how these funds can support environmental remediation and community redevelopment. It also introduces financing tools such as TIF, the connection of financing entities, and a PEER: Platform for Exploring Environmental Records case study.

LEARNING LESSONS

• Overview of funding options available for brownfield remediation and redevelopment.
• Understanding financing options for both publicly and privately held parcels.
• Tools and templates for estimating cleanup and project costs.
• How fiscal support can foster successful public-private partnerships.

MODULE COMPONENTS

RESOURCES | The next step is to utilize tools to better understand the potential cost and applicability of brownfield work on your site, use the Feasibility Tetrad: Site Review to prioritize your challenge program experience on the most feasible sites for redevelopment, and use this information to continue refining your community story with the Community Profile template.

• Understanding Project Costs: Analyzing Clean Up Costs. A guide to accurately assessing environmental cleanup potential and costs as part of the overall project budget.

WEBINAR | Each Challenge Accelerator Program Module has an educational component outlined in a webinar.

Financing the Project: Tapping into Unprecedented Federal Funding | Presented by Maggie Belanger + Kate Lucas
The Kansas State University Technical Assistance to Brownfields program talks about the funding available in the Infrastructure and Jobs Act and the American Recovery Act, and how those funds can help environmental remediation and redevelopment in your community.

ACTIVITIES | The following activities give you more information about your community and your catalyst sites, and demonstrate how to use available data tools to better tell your story, by focusing in on viable project goals, and understanding what challenges you need to overcome to get there.

• Connecting Site / Project Areas of Interest with Resource Partners. Understanding the basics of your sites regarding feasibility, and where you have your challenges, as well as the potential vision for the catalyst site, allows DCI to start to target connecting potential resource partners to your target needs and project goals.
• Community Profile PART 4. Finish a comprehensive profile that includes your Capacity Strengths, Recent Accomplishments, and Desired Outcomes.
• Complete the Feasibility Tetrad: Site Review for one or more target catalyst sites. Finish the Financial and Legal portions of the Site Review for your first site, and repeat the Tetrad: Site Review for different visions on the same site, or on other possible Catalyst Sites within your community to compare the projects side-by-side.