Grant Assistance

Phoenix Brownfields Revolving Loan Fund

Phoenix received a $800,000 grant to establish a low interest rate revolving loan fund (RLF) for cleanup activities only at brownfield sites contaminated with hazardous substances and/or petroleum. The RLF is available to projects city-wide with a focus on targeted areas, including, the Rio Reimagined Project, designated Redevelopment Areas, Neighborhood Initiative Areas, and special projects, such as the Edison-Eastlake Choice Neighborhoods. The fund is termed revolving because it will use the loan and interest repayments to provide new loans to additional borrowers. 

Eligibility: Private sector businesses and developers are eligible for a loan at 3% interest for cleanup of property that is slated for redevelopment. Nonprofits are eligible for a grant to clean up sites acquired for redevelopment.

LISC Phoenix is serving in the role of Fund Manager and will be accepting applications for loans and grants, conducting underwriting, entering into loan agreements, and distributing funds. Each project is required to enter the Arizona Department of Environmental Quality, Voluntary Remediation Program.

The application and more information will be available March 2025. If you have additional questions or want to inquire about the loan or grant, please contact Rosanne Albright at rosanne.albright@phoenix.gov or at 602-256-3452.