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Witnesses urge Congress to use Brownfields tools and tax credits to expand affordable housing on remediated sites
Summary
Witnesses and members discussed using Brownfields funds, Low‑Income Housing Tax Credit changes and other incentives to expand affordable housing on remediated brownfield sites; examples included riverfront housing in Oswego County and larger Miami‑area projects.
Subcommittee members and witnesses discussed targeted incentives to encourage affordable and workforce housing development on remediated brownfield sites, including changes to tax credits and eligibility of certain grants for for‑profit affordable housing developers.
Why it matters: Several witnesses argued that standard Brownfields grants and state cleanup programs often do not provide sufficient capital to cover the incremental cost and risk of making brownfield sites safe for residential use; they urged tax and financing tools to bridge…
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