Hagåtña, Guam – Governor Lou Leon Guerrero and Lieutenant Governor Josh Tenorio presented certificates of recognition to recipients of the First Time Homeowners Assistance Program (FTHAP) administered by the Guam Housing Corporation (GHC) during a ceremony on Monday. A total of 16 families were approved by the administration for the grant program. Nine of those recipients were present to be recognized yesterday in partnership with Guam Housing Corporation President Edith Pangelinan, Manager Angela Camacho, Senator Joe San Agustin, chairperson of the 36th Guam Legislature’s Committee on Housing, and members of the GHC Board of Directors. The First Time Homeowners Assistance Program assists eligible individuals purchasing their first home to meet the financial cost of closing expenses and associated fees. Qualifying individuals receive 4% of the total purchase or construction price of the home, not to exceed the eligible transaction amount of $375,000 per Public Law 36-29.
“As housing costs increase, it has become more of a challenge for our families to realize their dreams of homeownership. Our administration is deeply honored that the Guam Housing Corp has worked hard at closing this gap for our island’s families,” said Governor Leon Guerrero.
“While this pandemic has brought hardships, we have not allowed our families and their goals of homeownership to fall through the cracks,” said Lt. Governor Josh Tenorio. “We are proud to recognize the recipients of this life changing program and join in celebrating their new chapters.”
To view the presentation in its entirety, visit facebook.com/govlouguam.
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