Brownfields Loan Program

This loan program is designed to encourage the cleanup of eligible sites and activities associated with removing, mitigating, or preventing the release, or threat of a release, of a hazardous substance, pollutant, or contaminant from Brownfields sites.
  
Brownfields Loan Application   

Brownfield Loan Guidelines
     
Terms
  • Loan amount is limited to the balance of the loan fund
  • Maximum loan term will be 5 years
  • Fees and interest rate determined by the Downtown Portland Corporation (DPC)
  • Brownfields site, business assets, outside collateral, and/or personal guarantees required

Eligibility
  • Is located in a designated brownfields site
  • Owes no outstanding property taxes, liens, fees or judgments to the City of Portland
  • Is not a generator or transporter of contamination to the site
  • Is not in environmental non-compliance with federal or state agencies
  • Is not currently suspended, debarred or ineligible to participate in federal financial assistance programs/DocumentCenter/View/6631/DocumentCenter/View/6631