EPA Brownfields Revolving Loan Fund Loan Underwriting Services

The City of New London, Connecticut, is seeking proposals from qualified firms or individuals to provide professional loan underwriting services in support of the City's EPA Brownfields Revolving Loan Fund (RLF) Program.

Background

Brownfields are properties where redevelopment or reuse may be complicated by the presence or potential presence of hazardous substances, pollutants, contaminants, or petroleum contamination. The EPA Brownfields Revolving Loan Fund (RLF) Program provides funding to communities to offer lowinterest loans and subgrants for the cleanup of eligible brownfield sites, helping return underutilized properties to productive use while protecting public health and the environment.

While the City has experience managing brownfields projects, the EPA Brownfields Revolving Loan Fund (RLF) Program is a new initiative for the City. The City has been awarded $1,000,000 in EPA Brownfields RLF funding, of which at least $500,000 must be used to capitalize loans for eligible cleanup projects. The funding is available through September 30, 2028. To date, no loans have been issued as the City is still establishing program procedures and implementation processes. Our goal is to close approximately three to four loans before the funding deadline. Successful deployment of at least one loan will make the City eligible to apply for supplemental EPA RLF funding, potentially increasing the capital available for future lending. If the City is unable to successfully close and deploy at least one loan during the grant period, the program will conclude at the end of the current funding cycle.

The U.S. Environmental Protection Agency (EPA) does not prescribe a specific underwriting methodology for Brownfields Revolving Loan Fund programs; however, EPA requires grant recipients to ensure that loans are prudently underwritten and that borrowers demonstrate the financial capacity to repay loan obligations. EPA guidance further emphasizes the importance of expertise in loan underwriting, loan servicing, and credit analysis as essential components of successful Revolving Loan Fund administration.

Project Details

• Reference ID: 2026-18 CONL
• Department: Procurement
• Department Head: - (-)

Important Dates

• Questions Due: 2026-06-25T21:00:00.000Z

Evaluation Criteria

• Relevant experience and qualifications (25 pts)
• Proposed approach and methodology (20 pts)
• Staffing plan and key personnel (15 pts)
• Secure document handling capabilities (10 pts)
• Fee proposal (10 pts)
• Ability to provide timely service (10 pts)
• References (10 pts)

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