Environmental Liability Transfer Solution for a multiple property residential portfolio

Project challenge:

Close, in place, multiple underground storage tanks (UST) while adhering to applicable NJDEP regulations


National Foundation for Affordable Housing Solutions Inc. (NFAHS)


$2 Million


WCD offered a true Environmental Liability Transfer solution to the National Foundation For Affordable Housing Solutions Inc. (NFAHS), in their acquisition of a multiple property residential portfolio in Jersey City, NJ. WCD closed, in place, three 550-gallon underground storage tanks (UST) at the Salem Lafayette Apartment Complex (SLAC) located at 98-102 Harmon Street, one 20,000-gallon UST at the SLAC located at 94 Union Street, two 2,000-gallon USTs located at 29 Monticello and 37 Clinton Avenue, and two 10,000-gallon USTs located at 19 Salem Court and 115 Union Street. All tanks were properly cleaned and abandoned in place with foam according to the applicable regulations of the New Jersey Department of Environmental Protection (NJDEP).

Reported releases were documented for two of the locations which resulted in the preparation of remedial action and investigative work plans for submission to the NJDEP. The release at 94 Union Street was remediated by soil removal. The remediation at 98-102 Harmon Street involved treatment of both soil and groundwater by in-situ chemical oxidation and enhanced fluid recovery.