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The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services
energizing…sustaining…transforming
The Ohio Development services Agency
removes obstacles to sustainable revitalization
of Ohio’s cities, towns, and villages with
innovative financing, critical resources, and
redevelopment expertise.
energizing…sustaining…transforming
Tools and Resources
• Innovative Financing
– Loans
– Tax credits
• Critical Resources
– Gap financing
– Grants
• Redevelopment Expertise
– Environmental scientists & engineers
– Planners
– Public administrators
Brownfield Resources
Planning Assessment Remediation Redevelopment
The Brownfield Spectrum
Planning
The Brownfield Spectrum
• Planning
– Technical assistance for planning of
brownfield-impacted areas, and preparing
brownfield projects for funding.
Planning Assessment
The Brownfield Spectrum
• Assessment
– Loans up to $500,000 for Phase II Environmental Assessments.
– Flexible terms, including deferred repayment periods, up to a 10-year term, and below-market interest rates.
Planning Assessment Remediation
The Brownfield Spectrum
• Remediation
– Loans up to $5,000,000 for environment cleanup, including demolition associated with the cleanup of hazardous substances, asbestos, lead-based paint and petroleum.
– Flexible terms, including deferred repayment periods, up to a 10-year term and below-market interest rates.
– No job requirements
Contaminants
Hazardous materials
Asbestos
Lead-based paint
Petroleum
Activities
Planning
Assessment
Remediation
Uses
Residential
Commercial
Industrial
Institutional
Open space
Applicants
Public
Private
Nonprofit
Responsible parties
Versatility of Funds
Planning Assessment Remediation Redevelopment
The Brownfield Spectrum
Preserving
Historic
Neighborhoods
Preserving Historic Downtowns
• Tax credit for 25% of eligible
renovation costs
• $5M max
Historic Preservation Tax
Credit Program:
Pipeline Initiative:
• Technical assistance and
grants to prepare historic
properties for rehabilitation
Low-income
Community
Investment
Low Income Community Investment
Ohio New Markets
Tax Credits:
• Connects investors with projects
in low-income communities
Energy Loan Fund:
• Up to $1M in low-interest
loans for energy efficiency
upgrades in existing
buildings.
Energy Efficiency Improvements
Sustainable Infrastructure
Sustainable Infrastructure
Alternative Stormwater
Infrastructure Loan:
• Provides up to $5M for
sustainable storm water
management systems
Putting it together…
Argyle Properties
Historic Preservation Tax Credit:
• 25 percent tax credit
Located in the Historical Downtown Newark Ohio
District, 36-38 South 3rd Street is a 3 story mixed
use commercial and residential building built around 1890.
Energy Loan Fund:
• Replaced windows, HVAC,
water heaters, installed
energy efficient appliances,
and insulated roof.
Thank You!
Katie Courtright, Brownfield Specialist
(614) 728-6939
April Kasun, Outreach Coordinator (614) 466-4007
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![Main Title [Calibri / 28 pt. / Bold] - development.ohio.gov 22... · Grant parameters: • Funding for two year cycle (FY13 – FY14) • Cannot use funds to provide new investment](https://img.pdfslide.net/doc/110x75/605485ca03b56d2bc4614f61/main-title-calibri-28-pt-bold-22-grant-parameters-a-funding-for.jpg)
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