Connecticut's New Cleanup Program: A Game Changer
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Connecticuts New Release-Based Cleanup Program: A Shift Towards Flexibility and Opportunity
The podcast episode discusses the recent change in Connecticuts environmental regulations, marking the end of the Transfer Act and the introduction of the Release-Based Cleanup Program. This new system only initiates environmental investigations when pollution is discovered, unlike the previous one-size-fits-all approach. The shift offers more flexibility to real estate professionals, buyers, sellers, and lenders, allowing them to make decisions based on their risk levels. The episode also explores the implications for lenders, who now need to consider when to require soil sampling for loans, and the updated cleanup standards that provide quicker, cheaper options for historical fill and off-site pollution.
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