{"id":5184,"date":"2023-03-06T18:27:40","date_gmt":"2023-03-06T18:27:40","guid":{"rendered":"https:\/\/deptest.nj.gov\/srp\/?page_id=5184"},"modified":"2023-07-31T15:07:08","modified_gmt":"2023-07-31T15:07:08","slug":"hdsrf-chart","status":"publish","type":"page","link":"https:\/\/deptest.nj.gov\/srp\/finance\/hdsrf\/hdsrf-chart\/","title":{"rendered":"HDSRF Chart"},"content":{"rendered":"

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Hazardous Discharge Site Remediation Fund Loans & Grants Available<\/h4>\n

HDSRF Chart<\/a> Download [pdf]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Public Sector Assistance<\/th>\n<\/tr>\n
Applicant<\/th>\nFunds<\/th>\nPhase<\/th>\nAmount<\/th>\nSpecial Conditions<\/th>\n<\/tr>\n
Municipalities, Counties & Redevelopment Entities<\/strong><\/td>\nGrants NJSA<\/strong>58:10B-6(a)(2)(a(iii)<\/td>\nPA\/SI\/RI<\/strong><\/td>\n100% of PA\/SI\/RI (capped at $3 million per applicant per year)<\/td>\n\n
    \n
  • Must 1) hold tax sale certificate; 2) have voluntarily acquired through foreclosure or similar means; 3) own site; or 4) pass document to acquire by voluntary conveyance for purpose of redevelopment.<\/li>\n
  • Adopt comprehensive redevelopment plan specifically for contaminated sites, or demonstrate commitment the site will be redeveloped within 3 years after remediation is complete.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Municipalities, Counties & Redevelopment Entities<\/strong><\/td>\nGrants<\/strong>NJSA 58:10B-6(a)(2)(a(ii)<\/td>\nRemedial Action (RA) – End Use Specific<\/strong>Recreation\/ Conservation; Renewable Energy; Affordable Housing<\/td>\n75% of RA for recreation or conservation<\/p>\n

75% of RA for renewable energy<\/p>\n

50% of RA for affordable housing<\/p>\n

Program cap of $10 million per year<\/td>\n

\n
    \n
  • Adopt comprehensive redevelopment plan specifically for contaminated sites, or demonstrate commitment the site will be redeveloped within 3 years after remediation is complete.<\/li>\n
  • Recreation\/Conservation Grants-property must be preserved for recreation and conservation purposes through development easement or conservation easement or other restriction\/easement permanently restricting development.\u00a0The HDSRF can provide a template for the draft easement.<\/li>\n
  • Affordable Housing Grants-project must be in accordance with the NJ Fair Housing Act N.J.S.A. 52:27D-301 et seq.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Municipalities, Counties & Redevelopment Entities<\/strong><\/td>\nGrants<\/strong>BDA sites<\/p>\n

NJSA 58:10B-6(a)(2)(a(i)<\/td>\n

Remediation (PA\/SI\/RI\/RA)<\/strong><\/td>\n100% PA\/SI\/RI<\/p>\n

75% RA (capped at $3 million per applicant per year)<\/p>\n

Additional $2 million<\/td>\n

\n
    \n
  • Adopt comprehensive redevelopment plan specifically for contaminated sites, or demonstrate commitment the site will be redeveloped within 3 years after remediation is complete.<\/li>\n
  • Lien (for RA funds spent) placed on property if municipality, county, or redevelopment entity that spent funds doesn\u2019t acquire the property.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Municipalities, Counties & Redevelopment Entities<\/strong><\/td>\nGrants<\/strong>Unrestricted Use Remedy (soil only)<\/p>\n

NJSA 58:10B-6(a)(5)(b)<\/td>\n

Remedial Action (RA)<\/strong><\/td>\n25% “project costs” of the remediation for an unrestricted use remedial action$250,000 cap per project<\/td>\n\n
    \n
  • Adopt comprehensive redevelopment plan specifically for contaminated sites, or demonstrate commitment the site will be redeveloped within 3 years after remediation is complete.<\/li>\n
  • “Project costs” means that portion of the total costs of a remediation to implement an unrestricted use remedial action<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Municipalities, Counties & Redevelopment Entities<\/strong><\/td>\nLoans<\/strong>Imminent & significant threat<\/p>\n

NJSA 58:10B-6(a)(2)(a)(v)<\/td>\n

Remediation (PA\/SI\/RI\/RA)<\/strong><\/td>\n100% of remediation activities (capped at $2 million per year)<\/td>\n\n
    \n
  • Must own site<\/li>\n
  • Adopt comprehensive redevelopment plan specifically for contaminated sites, or demonstrate commitment the site will be redeveloped within 3 years after remediation is complete.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Municipalities, Counties & Redevelopment Entities<\/strong><\/td>\nLoans<\/strong>PA\/SI\/RI is completed<\/p>\n

NJSA 58:10B-6(a)(2)(a)(iv)<\/td>\n

Remedial Action (RA)<\/strong><\/td>\n100% of RA activities (capped at $2 million per year)<\/td>\n\n
    \n
  • Must own site<\/li>\n
  • Adopt comprehensive redevelopment plan specifically for contaminated sites, or demonstrate commitment the site will be redeveloped within 3 years after remediation is complete.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Private Sector Assistance<\/th>\n<\/tr>\n
Persons<\/strong>Qualifying Persons<\/td>\nGrants<\/strong>Unrestricted Use Remedy<\/p>\n

NJSA 58:10B-6(a)(5)(b)<\/td>\n

Remedial Action (RA)<\/strong><\/td>\n25% “project costs” of the remediation for an unrestricted use remedial action$250,000 cap per project<\/td>\n\n
    \n
  • “Qualifying person” means any person who has a net worth of not more than $2M<\/li>\n
  • “Project costs” means that portion of the total costs of a remediation to implement an unrestricted use remedial action<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Persons<\/strong><\/td>\nLoans<\/strong>for sites with imminent & significant threat)<\/p>\n

NJSA 58:10B-6(a)(2)(b)<\/td>\n

Remediation (PA\/SI\/RI\/RA)<\/strong><\/td>\n100% remediation (capped at $500,000 per year)<\/td>\n\n
    \n
  • Eligible to the extent that applicant is not capable of establishing a remediation funding source (NJSA 58:10B-6c)<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Persons<\/strong><\/td>\nLoans<\/strong>for sites in qualifying municipality<\/p>\n

NJSA 58:10B-6a(1)<\/td>\n

Remediation (PA\/SI\/RI\/RA)<\/strong><\/td>\n100% remediation (capped at $500,000 per year)<\/td>\n\n
    \n
  • Eligible to the extent that applicant is not capable of establishing a remediation funding source (NJSA 58:10B-6c)<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Private Sector Assistance And Non-profit Entity Assistance<\/th>\n<\/tr>\n
Persons<\/strong><\/td>\nLoans<\/strong>EOZ<\/p>\n

NJSA 58:10B-6(a)(5)<\/td>\n

Remediation (PA\/SI\/RI\/RA)<\/strong><\/td>\n100% remediation
\n(capped at $500,000 per year)<\/td>\n		\n
    \n
  • Exempt from demonstrating the ability to establish remediation funding source NJSA 58:10B-5a.(1); 58:10B-6c<\/li>\n
  • Must own site<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Persons<\/strong><\/td>\nLoans<\/strong>ISRA<\/p>\n

NJSA 58:10B-5(b)<\/td>\n

Remediation (PA\/SI\/RI\/RA)<\/strong><\/td>\n100% remediation (capped at $500,000 per year)<\/td>\n\n
    \n
  • Eligible to the extent that applicant is not capable of establishing a remediation funding source NJSA 58:10B-5a.(1);\u00a058:10B-6c<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Persons<\/strong><\/td>\nLoans<\/strong>Discharge of Hazardous Substance\/<\/p>\n

Spill Act NJSA 58:10B-5(b), 10B-6(a)(2)(b)<\/td>\n

Remediation (PA\/SI\/RI\/RA)<\/strong><\/td>\n100% remediation (capped at $500,000 per year)<\/td>\n\n
    \n
  • Eligible to the extent that applicant is not capable of establishing a remediation funding source NJSA 58:10B-5a.(1);\u00a0 58:10B-6c<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Non-Profits<\/strong><\/td>\nGrants<\/strong>(Pilot Program) NJSA 58:10B-25.3<\/td>\nPA\/SI\/RI<\/strong><\/td>\n(program cap of $5 million total)<\/td>\n\n