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Brownfields Programs: Property Reutilization
The Cal ReUSE Environmental Site Assessment Loan Program provides funds for site assessments of brownfields parcels. A unique element of this program is the forgiveness clause that converts the loan principal and interest to a grant if the borrower clearly demonstrates an inability to complete the project or proceed with development by the end of the loan term. The program allows for maximum loan amounts of $125,000 for site assessments and characterization costs, technical assistance, and other costs necessary to provide an understanding of the extent of contamination, and to assist in the remediation planning and regulatory process. The City of Oakland was an inaugural partner for the Cal ReUSE Loan Program and was the first in the state to process a loan when one was awarded to the MacArthur Transit Village project in July 2002.
Through the Urban Land Redevelopment (ULR) Program, the City of Oakland provides a well-defined process for addressing contamination at development sites. The ULR Program takes a pragmatic approach towards site cleanup, emphasizing common sense, scientifically sound solutions that base cleanup standards on the actual risk posed to current and future site users. This approach can save time and money. For further information on the ULR program, visit www.oaklandpw.com. For more details on these brownfields programs, call the City of Oakland Brownfields Action Team Hotline at 510.238.3741. |
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