Illinois Administrative Code
Title 35 - ENVIRONMENTAL PROTECTION
Part 886 - BROWNFIELDS REDEVELOPMENT LOAN PROGRAM
Subpart B - BROWNFIELDS REDEVELOPMENT LOANS
Section 886.205 - Loan Issuance Criteria
Universal Citation: 35 IL Admin Code ยง 886.205
Current through Register Vol. 48, No. 38, September 20, 2024
a) Criteria for awarding loans shall include, but shall not be limited to, the following:
1) Credit worthiness and ability
to repay the loan;
2) Potential for
economic redevelopment;
3)
Long-term benefits and sustainability;
4) Strength of community and local
support;
5) Interest of potential
future users of the brownfields site;
6) Protection of human health and the
environment; and
7) A written
commitment by the loan recipient or other entity to enter the brownfields site
into the Site Remediation Program.
b) In awarding loans, the Agency may give weight to geographic location to enhance geographic distributions of loans across the State.
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