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Application for Phase II Assessment - Ohio Development Services - development ohio

Application for Phase II Assessment - Ohio Development Services - development ohio 2025

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The OWDA Brownfield Loan Program provides funding for Phase II Site Assessments and Asbestos Surveys on brownfield properties in Ohio to facilitate economic redevelopment by addressing environmental contamination. The program, administered by the Ohio Development Services Agency, allows applicants to request loans up to $500,000 for these assessments. The application process includes detailed sections on applicant information, financial data, and environmental details, with specific requirements for documentation and reporting.

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What is the brownfield loan program in Ohio?

The Ohio Water Development Authority Board created the Brownfield Loan Program in 1995. Through this program, OWDA can provide financial assistance for the undertaking of any voluntary action and thereby providing funding for the remediation of contaminated property, through direct loans.

What does brownfield mean in real estate?

A brownfield is a property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant.

How do you determine if a site is a brownfield?

How do you determine if a site is a brownfield? A site is classified as a brownfield by having an environmental assessment done on the property. The environmental assessment determines the extent of real or perceived contamination.

What is a brownfield in Ohio?

A brownfield is defined as an abandoned, idled, or under-used industrial, commercial, or institutional property where expansion or redevelopment is complicated by known or potential releases of hazardous substances or petroleum.

What is an example of a brown field?

Small brownfields also may be found in many older residential neighborhoods or along rural roads. For example, many dry cleaning establishments or gas stations created high levels of pollution during below the ground their operations and the land they occupy might be unused for decades as a Brownfield.

Application for Phase II Assessment - Ohio Development Services - development ohio 2025

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