Goshen creates new funding for cleaning up potential contamination
GOSHEN, Ind.—Funding is now available through the City of Goshen to help with the assessment, remediation and redevelopment of potential brownfield properties.
According to the Environmental Protection Agency, brownfields are properties that have the presence or potential presence of a hazardous substance, pollutant or contaminant.
Goshen’s new Brownfield Cleanup Revolving Loan Fund Program will provide grant and loan money to both private and public sector developers who own, lease or have a purchase agreement in place for a brownfield property.
The funding maximum is set at $500,000 per grant or loan.
The developers must plan to assess or re-mediate the property.
A map created by Indiana University shows the locations of brownfields across the state of Indiana.
The new funding is the result of a $1 million grant from the EPA.
More information, along with the application, on the funding can be found here.
The remediation of brownfields can increase local tax bases, facilitate job growth, utilize existing infrastructure, take development pressure off of undeveloped, open land, and improve and protect the environment, according to the EPA.
The EPA says that there are more than 450,000 brownfields across the United States.