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The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services energizing…sustaining…transforming.

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Presentation on theme: "The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services energizing…sustaining…transforming."— Presentation transcript:

1 The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services energizing…sustaining…transforming

2 The Ohio Development services Agency removes obstacles to sustainable revitalization of Ohio’s cities, towns, and villages with innovative financing, critical resources, and redevelopment expertise. energizing…sustaining…transforming

3 Tools and Resources Innovative Financing –Loans –Tax credits Critical Resources –Gap financing –Grants Redevelopment Expertise –Environmental scientists & engineers –Planners –Public administrators

4 Brownfield Resources

5 PlanningAssessmentRemediation Redevelopment The Brownfield Spectrum

6 Planning Planning –Technical assistance for planning of brownfield-impacted areas, and preparing brownfield projects for funding.

7 PlanningAssessment The Brownfield Spectrum Assessment –Loans up to $500,000 for Phase II Environmental Assessments. –Flexible terms, including deferred repayment periods, up to a 10-year term, and below-market interest rates.

8 PlanningAssessmentRemediation The Brownfield Spectrum Remediation –Loans up to $5,000,000 for environment cleanup, including demolition associated with the cleanup of hazardous substances, asbestos, lead-based paint and petroleum. –Flexible terms, including deferred repayment periods, up to a 10-year term and below-market interest rates. –No job requirements

9 Contaminants Hazardous materials Asbestos Lead-based paint Petroleum Activities PlanningAssessmentRemediation Uses ResidentialCommercialIndustrialInstitutionalOpen space Applicants PublicPrivateNonprofit Responsible parties Versatility of Funds

10 PlanningAssessmentRemediation Redevelopment The Brownfield Spectrum

11 Local Government Collaboration

12 Grants and loans for cost-sharing initiatives Local Government Innovation Fund:

13 PreservingHistoric Neighborhoods

14 Preserving Historic Downtowns Tax credit for 25% of eligible renovation costs $5M max Historic Preservation Tax Credit Program: Pipeline Initiative: Technical assistance and l grants to prepare historic properties for rehabilitation

15 Low-income Community Investment

16 Low Income Community Investment Ohio New Markets Tax Credits: Connects investors with projects in low-income communities

17 Energy Efficiency

18 Energy Loan Fund: Up to $1M in low-interest loans for energy efficiency upgrades in existing buildings. Energy Efficiency Improvements

19 Sustainable Infrastructure

20 Alternative Stormwater Infrastructure Loan: Provides up to $5M for sustainable storm water management systems

21 Thank You! April Kasun, Outreach Coordinator (614) 466-4007 April.Kasun@development.ohio.gov


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