The Brownfields Redevelopment Program provides technical assistance for the redevelopment of brownfield sites to promote economic growth, community development, and neighborhood revitalization.
In the past, developers were hesitant to redevelop brownfields due to the liability they would face and the expenses associated with cleanup. More and more, developers are discovering the wealth of assistance available for these projects. In addition, these blighted properties are often in prime locations for business.
Although redevelopment may be difficult, the benefits outweigh the risks. The benefits include a healthier environment, job creation, a reduction in urban sprawl, increased tax revenue, business growth, housing creation, safer communities, a reduced human health risk, and the removal of blight.
The Brownfields Program offers financial assistance for redevelopment in the form of grants or loans through the Indy/LISC Neighborhood Brownfield Initiative. Eligibility requirements and applications for this and others programs are available under the grants/loans link.
The City of Indianapolis has been involved in several redevelopment projects in the past. To view previous brownfield efforts, click on the success stories link.
No events planned at this time.
With support from HUD