# 114-hr-3098: Brownfield Redevelopment and Economic Development Innovative Financing Act of 2015

114-hr-3098, Brownfield Redevelopment and Economic Development Innovative Financing Act of 2015, is a 114th Congress bill sponsored by Rep. Hahn, Janice [D-CA-44] (D-CA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-3098
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-3098
- Congress: 114
- Title: Brownfield Redevelopment and Economic Development Innovative Financing Act of 2015
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2015-07-16
- Sponsor: Rep. Hahn, Janice [D-CA-44] (D-CA)
- Cosponsors: 0
- Policy area: Housing and Community Development
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Brownfield Redevelopment and Economic Development Innovative Financing Act of 2015 Directs the Department of Housing and Urban Development (HUD) to establish the Brownfield Redevelopment and Economic Development Innovative Financing Program, under which HUD may guarantee the repayment of loans made by lenders to local governments, local redevelopment agencies, or Base Realignment and Closure Commission redevelopment projects to carry out projects for redeveloping brownfields and promoting urban renewal. Requires such an entity, in order to receive such a loan guarantee, to submit: (1) a master plan that describes the proposed brownfield redevelopment project, demonstrates that such project will result in major redevelopment, provides evidence of investment commitments from non-federal entities, and includes a remediation action plan approved by the Environmental Protection Agency (EPA); and (2) a certification from EPA that the brownfield to be redeveloped requires environmental remediation. Prohibits an entity from: (1) receiving a loan guarantee if it was responsible for contaminating the brownfield to be redeveloped, or (2) having more than one outstanding loan that is guaranteed under the Program. Sets forth requirements regarding an eligible loan's principal amount, interest rate, duration, and repayment terms. Directs HUD to establish criteria for selecting entities to receive loan guarantees.

## Related bills

- 114-hr-6323: To name the Department of Veterans Affairs health care system in Long Beach, California, the "Tibor Rubin VA Medical Center".
- 114-hr-6231: Making College More Affordable Act
- 114-hr-6138: To designate the facility of the United States Postal Service located at 560 East Pleasant Valley Road, Port Hueneme, California, as the U.S. Naval Constructio…
- 114-hr-5980: Mark Takai Atomic Veterans Healthcare Parity Act
- 114-hr-5972: Campus Sexual Assault Whistleblower Protection Act of 2016
- 114-hr-5948: To designate the facility of the United States Postal Service located at 830 Kuhn Drive in Chula Vista, California, as the "Jonathan 'J.D.' De Guzman Post Offi…

## Sources
- [114-hr-3098 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/3098)

## Related
- [114-hr-6323: To name the Department of Veterans Affairs health care system in Long Beach, Ca…](https://policyrisk.com/legislation/114-hr-6323)
- [114-hr-6231: Making College More Affordable Act](https://policyrisk.com/legislation/114-hr-6231)
- [114-hr-6138: To designate the facility of the United States Postal Service located at 560 Ea…](https://policyrisk.com/legislation/114-hr-6138)
- [114-hr-5980: Mark Takai Atomic Veterans Healthcare Parity Act](https://policyrisk.com/legislation/114-hr-5980)
- [114-hr-5972: Campus Sexual Assault Whistleblower Protection Act of 2016](https://policyrisk.com/legislation/114-hr-5972)
- [114-hr-5948: To designate the facility of the United States Postal Service located at 830 Ku…](https://policyrisk.com/legislation/114-hr-5948)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-3098 (as of 2025-11-18).