The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services

ffice of Redevelopmentpreserving…sustaining…transforming

ffice of Redevelopment

The Office of Redevelopment removes obstacles to sustainable revitalization of Ohio’s cities, towns, and villages with innovative financing, critical resources, and redevelopment expertise.

ffice of Redevelopment• innovative financing

– loans – tax credit

• critical resources– gap financing– grants

• redevelopment expertise– environmental scientists– planners– public administrators

ffice of Redevelopment• Environmental/ Site Development Resources

– Clean Ohio Brownfield Fund– USEPA Brownfield Revolving Loan Fund– OWDA Brownfield Loan Fund– Brownfield Action Plan Program (New)– Site Ohio (New)

• Fiscal Sustainability Project Tools– Ohio Historic Preservation Tax Credit– Ohio New Markets Tax Credit– Alternative Stormwater Infrastructure Loan Program– Local Government Innovation Fund (New)– Ohio Vacant Facilities Fund (New)

Brownfield Resources

Brownfield Resources• Clean Ohio Brownfield Fund

– Grants of up to $3,000,000 for environmental remediation and up to $200,000 for environmental assessment to local governments.

• USEPA Revolving Loan Fund– Provides loans up to $1,000,000 for asbestos

remediation and up to $300,000 for petroleum remediation to local governments, private entities, or non-profit entities.

Brownfield Resources• OWDA Brownfield Loan Fund

– Loans up to $500,000 for assessments and up to $5,000,000 for the cleanup of brownfields. Funding is available to governmental agencies and private entities.

• Brownfield Action Plan– Provides technical assistance and grant funding for the

development and implementation of an Action Plan for a brownfield-impacted area. Funding is available to governmental agencies and non-profit entities.

Site Certification

Site Certification• Site Ohio

– Certifies and markets Ohio’s commercial, industrial, and manufacturing sites based on site characteristics and community assets. Creates an inventory of certified development ready sites across the state.

Preserving Historic Downtowns

Preserving Historic Downtowns

• Ohio Historic Preservation Tax Credit– A state tax credit for 25% of Qualified

Rehabilitation Expenditures on historic rehabilitation projects, up to $5 million.

Low-income Community Investment

Low Income Community Investment

• Ohio New Markets Tax Credit– Provides investors with state tax credits in

exchange for delivering below-market-rate investment options to Ohio businesses in low-income communities.

Sustainable Infrastructure

Sustainable Infrastructure• OWDA Alternative Stormwater Infrastructure Loan

– Provides up to $5,000,000 to governmental entities for the design and construction of alternative stormwater infrastructure in developed areas.

Local Government Collaboration

Local Government Collaboration• Local Government Innovation Fund

– Provides both grant and loan funds to political subdivisions for innvoative approaches that will provide services in a more efficient manner, including feasibility studies, operational support, and demonstration projects.

Vacant Facilities

Vacant Facilities• Ohio Vacant Facilities Fund

– Provides a financial incentive to businesses that create jobs in vacant buildings and business parks. Employers are eligible for up to $500 for each new full-time employee (40 hours per week) employed at the facility for at least one year.

ffice of RedevelopmentThea Walsh, Deputy Chief

Monica Stefanoff, Brownfield Specialist Katie Courtright, Brownfield Specialist Erin Hazelton, Brownfield and Sustainability Specialist Valerie Montoya, Site Specialist Allan Egan, Brownfield Specialist Diane Alecusan, Urban Revitalization Specialist Nathaniel Kaelin, OHPTC Program Manager

Nicole Bent, LGIF Program Manager

ffice of Redevelopment

• Question & Answer Session

– How can my community use these tools?

– I have a project idea, but I'm not sure if it is eligible?

– Could we strategize a plan to fund my project?