Voluntary Environmental Cleanup and Economic Redevelopment Act of 1993

Voluntary Environmental Cleanup and Economic Redevelopment Act of 1993 - Requires the Administrator of the Environmental Protection Agency to provide grants to States that establish voluntary environmental cleanup programs meeting specified requirements. Directs the Secretary of Housing and Urban Development to provide grants to local governments to conduct site characterizations for affected sites at which voluntary cleanups are being conducted or are proposed under State voluntary cleanup programs.

Requires the Secretary to provide loans for the cleanup of affected sites to owners or prospective purchasers of affected sites at which voluntary cleanups are being conducted or are proposed. Sets forth loan application and approval procedures, as well as maximum loan amounts and loan agreement requirements. Grants the United States a lien on contaminated property subject to a loan until the loan agreement has been satisfied.

Establishes the Economic Redevelopment Revolving Fund. Transfers loan repayments to the Fund and makes the Fund available for the loan program.

Authorizes appropriations.

Limits the amount of grants or loans that may be used for administrative costs.