NJEDA Announces New Funding Source For Brownfields Redevelopment Projects
Business Tools
On: April 12, 2019 | By: NDA
To be eligible for a loan, a New Jersey Licensed Site Remediation Professional must submit a report verifying the existence of contamination. The project must also have a redevelopment plan, an appraised value of at least 100 percent of all debt financing, and must demonstrate local support through a letter of support from the mayor of the municipality in which the project site is located. Read more here.
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