VBAF provides grants or loans to local governments to promote restoration and redevelopment of brownfield sites and to address environmental problems or obstacles to reuse so these sites can be effectively marketed to new economic development prospects.

Due to the success of this program, FY18 VBAF Site Assessment and Planning and Site Remediation Grants funding has been exhausted. However, to keep progressing on potential restoration and redevelopment projects, Site Assessment and Planning grant applications are currently being accepted and will be reviewed with respect to available funding. Local stakeholders will be notified once the VBAF program has been funded for FY19-20.