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Financial Assistance

Indiana Brownfields ProgramThe Indiana Brownfields Program offers financial assistance to qualifying political subdivisions (as defined by Indiana Code 13-11-2-164(c)) in Indiana to acquire, assess, demolish and remediate brownfield sites. To see examples of entities that have qualified or could qualify as a political subdivision for Indiana Brownfields Program financial assistance, click here. The Program also matches grants for recipients of financial assistance from the U.S. Environmental Protection Agency (U.S. EPA).

For more information about the Program's financial assistance, please contact
Sara Westrick Corbin, Financial Resources Coordinator, at (317) 234-1688 or swestrick@ifa.in.gov.

Currently, the Indiana Brownfields Program offers the following financial incentives, which may be applied for online. 

Stipulated Site Assessment Grants

Stipulated Assessment Grants (SAG) are available to political subdivisions to perform site assessment and investigative activities at eligible brownfield sites. Eligible SAG activities include Phase I and Phase II Environmental Site Assessments, lead paint surveys and asbestos surveys. The maximum available SAG award is $100,000 per applicant, per round. There are generally two rounds per year; one in the fall and one in the spring.

Stipulated Remediation Grants

Stipulated Remediation Grants (SRG) are available to political subdivisions to finance environmental remediation costs at eligible brownfield sites. SRG awards may not be used to remediate sites contaminated solely by petroleum, although sites contaminated by both hazardous substances and petroleum are eligible. The maximum SRG award is $400,000 per applicant per round. There are generally two rounds per year; one in the fall and one in the spring.

Petroleum Remediation Grants

Petroleum Remediation Grants (PRG) are available to political subdivisions to perform environmental assessment and remediation activities at eligible brownfield sites. PRG awards may not be used to remediate sites contaminated solely by hazardous substances, although sites contaminated by both hazardous substances and petroleum are eligible. The PRG incentive was restructured in 2006 so an entity interested in applying should contact the Indiana Brownfields Program project manager assigned to its defined region (link found below).

Federal Matching Grants

Federal Matching Grants (FMG) are available to political subdivisions and other qualifying federal grant recipients (e.g., certain not-for-profits) that receive a U.S. Environmental Protection Agency (U.S. EPA) brownfields grant award. The amount of a FMG award is dependent upon the type and amount of the U.S. EPA grant.

Brownfields Low-Interest Loans

Low-Interest Loans (LIL) are available to political subdivisions for the acquisition of and environmental assessment, remediation and demolition activities at eligible brownfield sites. The maximum LIL is based on available funds and determined on a case-by-case basis, but in no instance will exceed 50% of funds available for loans. A LIL may also be partially forgivable such that not more than 20% of the total LIL amount may be in the form of a forgivable loan. There is no application deadline.

Trails and Parks Initiative (TPI)

In 2007, the Indiana Brownfields Program developed the Trails and Parks Initiative (TPI) using a $400,000 U.S. Environmental Protection Agency (U.S. EPA) assessment award plus matching funds from the IFA. Beginning April 28, 2008, the Program has accepted TPI applications on a rolling basis.

TPI offers Phase I and Phase II environmental site assessments to eligible local units of government and non-profit organizations with plans to redevelop eligible brownfield sites for use as trails, parks, recreational space or other greenspace. Unlike other financial incentives through the Indiana Brownfields Program, applicants will not receive monies directly, but program-contracted consultants will perform assessments for the awarded applicants.

EPA Brownfields Financial Assistance

Revolving Loan Fund

The Indiana Brownfields Program is coordinating with the U.S. EPA to determine how we will manage the federal Revolving Loan Fund loan monies. We are currently soliciting general comments from the public on our proposal. Please contact Michele Oertel at moertel@ifa.in.gov if you have comments by July 14, 2008.