Brownfields Revolving Loan Fund Underwriting Services

The Department of Economic Development in Vermont, through the Chittenden County Regional Planning Commission (CCRPC), is seeking proposals for underwriting services for a Brownfields Revolving Loan Fund (RLF) financed by a $1 million EPA grant under the Infrastructure Investment and Jobs Act. This fund, established for 2026 to 2030, aims to support the remediation and redevelopment of brownfield sites within Vermont and neighboring areas. Its mission is to reduce environmental contamination, create safe affordable housing, generate jobs through commercial space development, and develop public open spaces. The fund will provide discounted and flexible loans, alongside grants, prioritizing projects that deliver meaningful public benefits and could not proceed without favorable financing terms. The CCRPC intends to select a qualified firm to offer loan underwriting and financial product design advisory services for the RLF. The successful contractor will provide tailored financial oversight and guidance that addresses the diverse financial situations of potential borrowers, which may include municipalities, nonprofits, and for-profit entities. These entities often have varying financial resources, risk levels, and experience in areas such as real estate development, environmental cleanup, and financial management. The overarching goal is to create a flexible, mission-driven loan program that effectively meets the needs of all eligible applicants while advancing regional redevelopment and environmental improvement efforts. Proposals are due by April 22, 2026, and inquiries can be directed to the primary contact at CCRPC.