Environmental
In Mississippi, a 'Brownfields Assessment Grant' from the EPA can be used for:
ABuilding new luxury homes on contaminated land
BFunding Phase I and Phase II environmental site assessments on brownfield properties to determine the extent of contamination✓ Correct
CPurchasing contaminated land for speculative investment
DPaying for residential cleanup costs only
Explanation
EPA Brownfields Assessment Grants fund Phase I and Phase II ESAs, cleanup planning, and other assessment activities to determine contamination levels and prepare contaminated properties for cleanup and redevelopment.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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