Environmental insurance has been an important component to some brownfield redevelopment projects, helping to quantify financial exposure. Environmental insurance helps to ensure that unforseen environmental problems can be successfully addressed, and that the brownfield redevelopment project is completed. Financing brownfield redevelopment Financial institutions who are members of the Federal Home Loan Bank of Atlanta can receive lower rates when borrowing from the Federal Home Loan Bank to fund brownfield projects. Community Involvement Brownfield redevelopment typically involves the community. In brownfield programs, neighboring residents and businesses adjacent to a brownfield are encouraged to provide input in the redevelopment process.
Community participation helps to support the local economy and provide for a clean environment.