Brownfields are real property, the expansion, development or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant

This agreement will provide funding under the infrastructure investment and jobs act (IIJA) for beartooth rcandd to capitalize a revolving loan fund as authorized by cercla 104(k)(3) in south central montana including big horn, carbon, stillwater, sweet grass, and yellowstone counties. Activities:specifically, this agreement will provide funding for the recipient to capitalize a revolving loan fund from which to make loans and subgrants to clean up brownfield site(s) and conduct other necessary activities to prudently manage the RLF. Additionally, the recipient will competitively procure (as needed) and direct a qualified environmental professional to oversee the environmental site activities, will create a community involvement plan and administrative record for each site that is remediated, and will report on program income, interim progress, and final accomplishments by completing and submitting relevant portions of the property profile form and brownfields RLF form using EPA's assessment, cleanup and redevelopment exchange system (acres). Subrecipient:the purpose of the RLF grants is to provide loans and subgrants to eligible entities to carry out cleanup activities at brownfield sites contaminated with hazardous substances and/or petroleum. Loans and subgrants are considered subawards. Beartooth rcandd anticpiates a total of $861,500 in subwards specifically $603,050 for cleanup loans and $258,450 for cleanup subgrants. Outcomes:beartooth rcandd's brownfields revolving loan fund (RLF) program is designed to support the cleanup and redevelopment of contaminated properties throughout a five-county rural region in south-central montana, including big horn, carbon, stillwater, sweet grass, and rural yellowstone county and tribal areas. Beartooth rcandd will prioritize borrowers and projects that support mixed-use development, affordable housing, commercial reuse, and community facilities. Further, the recipient will issue approximately 4 loans and 2 subgrants to remediate 6 brownfield site(s); anticipates holding 10 community meetings, finalizing 6 analysis of brownfield cleanup alternatives, and submitting 20 quarterly reports. Work conducted under this agreement will benefit the residents, business owners, and stakeholders in and near big horn, carbon, stillwater, sweet grass, and yellowstone counties, montana.