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The Clean
Land Fund served as Brownfields Financial
Advisor for the implementation of the $23.5 million Quadrant
Re-Use Plan in the City of Lawrence. The Plan is the
remediation and redevelopment of two Brownfield Sites into a
1,200 unit surface parking facility and public open space. This
redevelopment will support the economic growth of the Lawrence
Gateway Area.
Based on the Financial Plan developed by the
Clean Land Fund, the project has received $4.9 million in HUD Brownfields
funding ($2 million BEDI and $2.9 million Section 108 Loan
Guarantee), $12.4 million of other public funding and $6.2
million of private funding.
The Clean Land Fund served as Brownfields Financial Advisor Team Member for
the “New York City Brownfields, An Analytical Report” for the
New York City Department of Environmental Protection.
Providing technical assistance to
governments and non-profit organizations
The
Clean Land Fund has provided technical assistance to numerous state and
local governments and nonprofit organizations by creating
Brownfield Redevelopment Financing Plans and accessing Brownfield funding programs for our clients,
including:
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The
Rhode Island Economic Development Corporation
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Mystic
Valley Development Commission
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Town of
Greenwich, Connecticut
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City of
Yonkers, New York
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Town of
Burrillville, Rhode Island
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Save
the Bay
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West
Elmwood Housing Development Corporation
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West
Broadway Neighborhood Association
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Greater
Elmwood Neighborhood Services
Redeveloping
Brownfield Sites into beneficial affordable housing
The Rhode
Island Stimulating Brownfields Redevelopment Program, developed
and implemented by the Clean Land Fund, helped redevelop Brownfields sites
into beneficial affordable housing. The Clean Land Fund provided technical
assistance to Community Development Corporations within the
predevelopment planning phase and helped securing funding
through grants from the Rhode Island Foundation, Fleet Bank and
the June Rockwell Levy Foundation.
Facilitating the
effective reuse of Brownfields in neighborhoods in Westchester
County
Provided
Brownfields Financial Advisory services to Groundwork Yonkers
for the identification, assessment, cleanup and effective reuse
of small, vacant Brownfield Sites. These Sites were located in
economically disadvantaged residential neighborhoods in
Westchester
County. The project was funded through Grants from the
Westchester Community Foundation.
Cumulative
Brownfield grants raised for clients total $20 million
The Clean Land Fund has successfully raised a total of $20
million in Brownfield grants for clients over the past five
years. |
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