Financing Brownfields Redevelopment in Indiana

Here is an example of good approach to financing the cleanup and redevevelopment of brownfield sites: Indiana Finance Authority.

In 1997, the IFA became the administrator of Indiana's Brownfield Revolving Loan Fund. The initial $10 million fund capitalization, and subsequent appropriations and transfers by the Indiana General Assembly, has greatly enhanced brownfield assessment and cleanup efforts in Indiana. In cooperation with the Indiana Department of Environmental Management (IDEM), local governments, developers, environmental consultants and other interested parties, IFA’s brownfields financing incentives play an important role in supporting brownfield projects statewide.