Cleanup Revolving Loan Program
The Minnesota Cleanup Revolving Loan Program provides low-interest loans through the U.S. Environmental Protection Agency (EPA) to cleanup contaminated sites that can be returned to marketable use.
Cities, counties, developers, economic development authorities (EDAs), housing redevelopment authorities (HRAs), port authorities, and for-profit and non-profit organizations are eligible.
Loans may pay for cleanup-related site sampling and monitoring, and costs associated with meeting requirements for public participation in project review. Under certain conditions, loans may also be used to demolish buildings.
To qualify for financing:
- Applicants must own or demonstrate legal control of the site to be developed.
- The site must be enrolled in the appropriate Minnesota Pollution Control Agency Voluntary Cleanup Program.
- The site must have a pre-approved Response Action Plan for cleanup of contamination defined by state law.
- The applicant cannot have caused or worsened the contamination.