The Mayor’s Office has a strong interest in the cleanup and redevelopment of contaminated and underutilized property. By creating the first municipal brownfield cleanup program in the nation, the New York City Voluntary Cleanup Program (NYC VCP), NYC will ensure that brownfield sites with light to moderate levels of contamination are cleaned up under governmental oversight utilizing remedies that comply with New York State standards and are protective of human health and the environment. The benefits that communities will receive as a result of environmental cleanup and brownfield redevelopment will include new job creation, new affordable housing and open space, an increase in local amenities and an overall increase in neighborhood revitalization.
Some States rely on tax credits to encourage cleanup. Although this is an attractive incentive for many, these tax credits cannot be used by not-for-profit developers. Other developers have properties that are not eligible for existing State cleanup programs and do not select the brownfield site or proceed with self-directed cleanups that do not receive necessary liability protection. OER addresses both of these problems by providing preferred investigation and cleanup grants for not-for-profit developers and by administering the NYC VCP so that all light to moderately contaminated properties that need a program can participate. On successful completion of the NYC VCP, enrollees will obtain a Notice of Completion and liability limitation against future environmental claims on the property from both the City and State of New York, which will provide lenders with assurances that these properties have been cleaned up under government oversight to a standard that is protective of human health and the environment.
Download the following document for more information about the NYC VCP:
NYC Brownfield Cleanup Program Final Rule (PDF)