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 for new york city, new york to RE-capitalize a revolving loan fund as authorized by cercla 104(K)(5)(a)(II) in new york city, new york. Activities:this agreement will provide funding for the recipient to RE-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 and will create a community involvement plan and administrative record for each site that is remediated. The recipient 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:subawards will be issued for clean up of contaminated sites.outcomes:the recipient will issue approximately 5 loans and 5 subgrants to remediate 10 brownfield site(S); anticipates holding 10 community meetings, finalizing 10 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 new york city, new york.