Industrial Sites Reuse Program (ISRP) Back The Industrial Sites Reuse Program (ISRP) loan program provides grants and low-interest financing to perform environmental site assessment and remediation work at former industrial sites. ELIGIBLE PROJECTS Phase I, II and III environmental assessments Remediation of hazardous substances ELIGIBLE BORROWERS Public entities Private non-profit economic development entities Companies involved in reuse of former industrial land Entities that did not cause or contribute to environmental contamination GRANT & LOAN LIMITS Up to $200,000 for environmental assessments Up to $1 million for remediation TERM Terms up to 5 years for assessments and 15 years for remediation projects A 25% match is required for grant and loan projects RATE 2.00%