Purpose of Funding
To provide grants to public entities (municipalities, counties, and redevelopment entities authorized to exercise redevelopment powers pursuant to section 4 of the Local Redevelopment & Housing Law (C.52:27D-130.7) for 100% of the costs of the assessment/investigation and up to 75% of the remedial action costs associated with the cleanup of a discharge of a hazardous substance or hazardous waste at brownfield sites where the public entity has demonstrated a commitment to redevelop the brownfield sites, there are also grants to public entities for 100% of the costs of the assessment/investigation and 75% of the remedial action costs associated with the cleanup of a discharge of a hazardous substance or hazardous waste at brownfield sites specifically located in a designated Brownfield Development Area (BDA), to provide loans and 25% grants to private entities (individuals, corporations, businesses, etc.) for the investigation and cleanup of a discharge of a hazardous substance or hazardous waste

Application
www.nj.gov/dep/srp/finance/hdsrf/

Application Deadline
Rolling

Notification Date
Not applicable

Source of Funding
A constitutionally dedicated portion of the NJ Corporate Business Tax that provides a stable source of HDSRF funding in the range of $10 to $15 million per year is in place for the HDSRF program.

Statutory Citation
N.J.S.A. 58:10B-4.

Who is Eligible
Grants: Public entities that either hold a tax sale certificate for a property, have acquired a property through foreclosure or other similar means, or have passed an ordinance or resolution indicating their intent to acquire a property by voluntary conveyance are eligible for 100% of the costs to complete Preliminary Assessment (PA), Site Investigation (SI), and Remedial Investigation (RI) activities. Public entities are eligible for an additional 75% of the costs of the Remedial Action (RA) if the property is located in a designated BDA. Public entities are eligible for 25% of the costs to complete an RA by achieving an unrestricted use No Further Action or Response Action Outcome designation. Public entities that plan a recreation/conservation use for a property or a renewable energy project are eligible for 75% of the costs of the RA and for affordable housing are eligible for 50% of the costs of the RA. Private entities with a net worth of less than $2 million are eligible for 25% of the costs of the remedial action for soil cleanup achieving an unrestricted use No Further Action or Response Action Outcome designation.

Loans: Public entities that elect to complete an RA at a property that they own are eligible for loan funding. Private entities that cannot obtain funding from a conventional lending institution and cannot fulfill RFS requirements are eligible for 100% of the costs to complete PA, SI, RI, and RA activities.

Qualifications
Public entity applicants are required to provide documentation indicating a commitment to redevelopment of the subject property through a comprehensive plan or resolution. Public entity applicants are required to provide proof of ownership or ownership interest documentation, with the exception of properties located in a BDA.

Funding Limitations
Public entities: Funding is available to public entities up to $3 million per calendar year and an additional $2 million per calendar year is available if the property is located within a BDA. Matching grants for an RA unrestricted use No Further Action or Response Action Outcome designation are capped at $250,000 per project.

Success Stories/Fact Sheet
NJDEP| Contaminated Site Remediation & Redevelopment Program | Brownfields
NJDEP| Grant and Loan Programs | SITE REMEDIATION

Additional Information 
www.nj.gov/dep/srp/finance/hdsrf/

For More Information, Contact
Rachel Stopper
401 East State Street
PO Box 420
Trenton, NJ 08625-0420
rachel.stopper@njdepwptest.net