This action approves an award in the amount of $1,000,000 for the piedmont triad regional development corporation to capitalize a revolving loan fund as authorized by cercla 104(k)(3) that will in…

The Environmental Protection Agency Region 4 awarded the Piedmont Triad Regional Development Corporation a $1.2 million cooperative agreement under the Brownfields Multipurpose, Assessment, Revolving Loan Fund, and Cleanup Cooperative Agreements (CFDA #66.818) program. The funding will capitalize a revolving loan fund to provide approximately $1 million in loans and subgrants to remediate three brownfield sites in North Carolina and Virginia. Specifically, the recipient will use the fund to issue around three loans and one or more subgrants totaling $1.075 million, of which $200k will be provided through cost-share, to clean up contaminated properties. Additional deliverables include community involvement plans, quarterly progress reports to EPA, and oversight of environmental professionals for site activities. The work will benefit residents in areas covered by the recipient and its partners.

This action approves an award in the amount of $1,000,000 for the piedmont triad regional development corporation to capitalize a revolving loan fund as authorized by cercla 104(k)(3) that will in turn be available for cleanup projects within the jurisdictions of (a) piedmont triad, (b) the triangle j council of governments (north carolina), and the west piedmont planning district (virginia). 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. 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 project scope includes making loans and sub-grants that will be used for environmental cleanup projects. The estimated subaward budget is $1,075,000 total, of which $200,000 will be met via the required cost-share. Outcomes:further, the recipient will issue approximately 3 loans and 1 or more subgrants to remediate 3 brownfield site(s); anticipates holding 10 committee community meetings, and submitting 19 quarterly reports. Work conducted under this agreement will benefit the residents, business owners, and stakeholders in and near the counties under the jurisdiction of piedmont triad regional development corporation (north carolina), the triangle j council of governments (north carolina), and the west piedmont planning district (virginia).