Gibco environmental

Environmental site assessments have become an essential part of today’s commercial and residential real estate transactions.

A Phase I Site Assessment is a visual and historical assessment of the property with the intention of identifying potential environmental liabilities such as asbestos, underground storage tanks, PCB contamination, or other chemical contamination. To assure that the liability is minimized, record searches and interviews with previous owners or operators are normally accomplished.

GIBCO’S reports comply with ASTM E 1527-21 and EPA’s “All Appropriate Inquiries” (AAI) which are the current regulations governing these reports. If needed we also prepare the HUD Form 4128 and environmental checklists required by various state agencies.

CNA clients include private developers, Public Housing Authorities, USDA applicants, private banks, private equity investors and property management firms. Our assessments will be conducted following required standards including HUD, Rural Development and Fannie Mae Standard Practices for Capital Needs Assessments.

The company’s experience in performing Capital Needs Assessments for multi-family properties spans from the “to be developed projects” to the “completed projects” and to the “distressed projects”. The firm has completed numerous USDA-RD CNAs in Alabama, Arkansas, Louisiana, Mississippi, Puerto Rico, Tennessee, and Texas and also has prepared all types of CNAs including studies for demolition and rehabilitation of HUD Public Housing Authority properties in Kansas, Louisiana, Mississippi and Texas. Additionally, we have prepared hundreds of CNAs for LIHTC, HUD MAP and conventionally financed projects in Louisiana, Mississippi, Texas, Missouri, Alabama, Tennessee, Nebraska and Arkansas.