Cooperative Agreement 00A01548

This Cooperative Agreement award from the Environmental Protection Agency (EPA) under the Brownfields Multipurpose, Assessment, Revolving Loan Fund, and Cleanup Cooperative Agreements program (CFDA 66.818) provides $1,000,000 in funding to the City of Salem, Massachusetts to re-capitalize a Revolving Loan Fund (RLF). The purpose of the RLF is to make loans and subgrants to clean up brownfield sites and conduct other necessary activities to prudently manage the RLF. Specific activities include: verifying site and borrower/subgrant eligibility, executing sub-grant agreements, conducting site-specific public outreach, and overseeing completion of site remediation and preparation of cleanup documentation. The City of Salem anticipates issuing approximately two loans and two subgrants to remediate four brownfield sites, holding four community meetings, finalizing four Analysis of Brownfield Cleanup Alternatives, and submitting twenty quarterly reports over the five-year performance period from October 1, 2024 to September 30, 2029.