Philadelphia Authority for Industrial Development

Description: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 (IIJA) (commonly Known as the Bipartisan Infrastructure Law) for Paid to Re-capitalize a Revolving Loan Fund as Authorized by Cercla 104(K)(5)(A)(II) in Philadelphia Pennsylvania. Activities:specifically, 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, Will Create a Community Involvement Plan and Administrative Record for Each Site That Is Remediated, and 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:paid Will Use the New RLF Funding to Award 1-2 Loans + 1-2 Subawards for Brownfields Assessment + Remediation Projects in Philadelphia Pa.outcomes:further, the Recipient Will Issue Approximately 1-2 Loans and 1-2 Subgrants to Remediate 2-4 Brownfield Site(s); Anticipates Holding 2-4 Community Meetings, Finalizing 2-4 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 Philadelphia Pennsylvania.