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California Vapor Intrusion Blog

This California Vapor Intrusion (VI) Blog provides updates on CalEPA’s rule development process associated with reducing attenuation factors (AFs) for volatile organic compounds.  Winefield & Associates contends that the proposed new AF standard of 0.03 is neither scientifically sound nor necessary.  As such, the blog will provide scientific and regulatory data with the goal of developing sane VI criteria that remain protective of human health while not thwarting California development, especially as California experiences a severe housing shortage. 

California Environmental Agencies Just Reduced Developers’ Ability to Use Bank Debt for Brownfields

3/21/2023

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California brownfield redevelopment is dying a slow and painful death due to actions of CalEPA, DTSC, and the State Water Resource Control Board. These agencies’ Supplemental Vapor Intrusion Guidance (SVIG) of February 2023 has resulted in five cancelled bank loan offers in Winefield & Associates’ investment world. One can’t realistically buy and redevelop a blighted site without bank debt. See case studies below. Surely, this sample is a mere smidgen of the actual statewide damage. The SVIG is an underground regulation that uses outdated science, triggering many consequences detrimental to state brownfield, housing, and climate goals.

​PS – The bank loan cancellations occurred before the recent mid-tier bank failures and were strictly related to vapor intrusion criteria.
SVIG Bank Loan Rejections
File Size: 830 kb
File Type: pdf
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  • Home
  • Investment Criteria
  • About The Founder
  • Press
    • NY Times Article
    • LABJ Article
    • Propmodo Article
    • Commercial Property Executive Article
    • Western Real Estate Business Article
    • California City News Article
    • The Sacramento Bee Article
  • Updates
  • Podcasts
  • VI Blog
  • Contact