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Some municipalities offer incentives for Phase II Environmental Site Assessment (ESA) as part of their Community Improvement Plan. These incentives, often called Study Grants, typically cover 50% of the cost of conducting a Phase II ESA up to a certain amount.
In addition to the financial incentives that municipalities can provide, there are a number of funding programs that may be of assistance:
- Canada-Ontario Affordable Housing Program: Brownfields Initiative
This program is administered by the Ontario Ministry of Municipal Affairs and Housing. Municipalities across Ontario are invited to submit proposals for affordable housing projects to be built on brownfield sites in their community. The funding will help pay for the clean-up of the brownfield sites and the construction of new affordable housing on the remediated sites. - Infrastructure Ontario
Infrastructure Ontario is a Crown corporation dedicated to the renewal of the Province's hospitals, courthouses, and other essential public assets. Ensuring appropriate public control and ownership, Infrastructure Ontario uses alternative financing and procurement to rebuild vital infrastructure, on time and on budget. - Rural Economic Development Program
The Ontario Ministry of Agriculture, Food and Rural Affairs offers a Rural Economic Development (RED) program that invests in projects that support sustainable rural communities and community partnerships. Revitalization of communities, which may include brownfield redevelopment, is a program priority. - Green Municipal Fund
The Government of Canada endowed the Federation of Canadian Municipalities (FCM) with $550 million to establish the Green Municipal FundÔ (GMF), of which $150 million is targeted to brownfields. GMF offers below-market loans with interest rates from 1.5 to 2% lower than the Government of Canada bond rate for capital projects. Eligible projects include the removal and disposal of contaminated soils or materials; in-situ or ex-situ treatment of contaminated soils, groundwater or materials; the construction or installation of engineering controls and monitoring systems; and building demolition, among other eligible initiatives. GMF also offers grants for feasibility studies and field tests related to brownfields, as well as for sustainable community plans (such as Community Improvement Plans).
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