Mount Ascutney Regional Brownfields Revolving Loan Fund (MARBRLF)
In order to receive funding through this program, owners or bona fide prospective purchasers must first fill out an eligibility application for the program. Generally, an owner is not eligible if he/she can be considered responsible for the contamination. This application is reviewed by the Vermont Department of Environmental Conservation (DEC) staff and by the program contact at the Environmental Protection Agency (EPA). If a site is determined to be eligible for the program, an application and financial documentation must be submitted for review by the Brownfields Steering Committee at MARC. Once approved, MARC will provide a subgrant or loan agreement for the subgrantee or borrower prior to procurement of clean-up activities to be funded.
This May 2022, for the third year in a row, MARC’s Brownfield’s Revolving Loan fund received a supplemental award from the EPA for the clean-up of contaminated sites for redevelopment. This major infusion of $3,500,000, made possible by the Biden Bipartisan Infrastructure Law, will be used to remediate sites where reuse projects can help to stimulate the local economy by either creating jobs, providing housing, renewal energy sites or creating valuable green space.
Application requirements are listed below. For forms, click on the links provided or contact Cindy Ingersoll at the MARC office (802) 674-9201.