Scarinci Hollenbeck Article Library

Results for articles

New NJEDA to Provide Funding for Brownfield Redevelopment Projects

New NJEDA to Provide Funding for Brownfield Redevelopment Projects

Author: Todd TerhuneDate: December 14, 2020

The New Jersey Economic Development Authority (NJEDA) recently announced the creation of the Brownfields Loan Program. The new program will make low-interest loans of up to $5 million available to brownfield redevelopment projects for all aspects of brownfield revitalization, including assessment, investigation, and demolition.

As highlighted by the NJEDA, funding gaps often make the remediation phase of redevelopment projects financially unviable. The goal of the program is to reactivate long-stalled projects and create new opportunities for commercial, retail, and mixed-use developments. 

scarinci hollenbeck diamond logo

Get the latest from our attorneys!

As the legal world continues to evolve, it is important to stay aware of its various and regular updates.
Sign up to our mailing list