The Environmental Protection Agency (EPA) recently awarded two projects in Chattanooga, Tennessee, a combined $400,000 in hazardous supplemental funding through the Revolving Loan Fund (RLF).
The Chattanooga Christian School received a $200,000 sub-grant, while the Standard Coosa Thatcher Mill received a $200,000 loan. The supplemental funding will help these projects, which have already had success in their site cleanup efforts, to maintain momentum and complete their projects. In doing so, these grants support community efforts at transformation, allowing them to fund projects and promote economic development, rehabilitating and renovating contaminated and abandoned sites for future use.
The funding for Chattanooga is part of the EPA’s plan to provide 33 RLF grantees with supplemental funding across the country, in support of more than 40 communities.
"These funds – going to communities who have already achieved success in their work to clean up and redevelop brownfield sites – will help revitalize distressed communities, improve public health, encourage innovation, and boost local manufacturing opportunities," EPA Office of Land and Emergency Management Assistant Administrator Mathy Stanislaus said. “RLF funding is often the key to addressing critical financing gaps to leverage private sector resources to make cleanups and reuse of properties happen.”