Hagåtña, Guam – Governor Lou Leon Guerrero and Lieutenant Governor Josh Tenorio presented certificates of recognition on Monday to recipients of the First Time Homeowners Assistance Program administered by the Guam Housing Corporation (GHC). The Leon Guerrero-Tenorio Administration approved a total of 15 families for this latest batch of housing assistance grants totaling over $145,000.
Recipients present were recognized by the governor, lieutenant governor, GHC President Edith Pangelinan, GHC Manager Angela Camacho, GHC Board Chairman Francisco Florig and GHC Board Secretary Lanita Tiong. The First Time Homeowners Assistance Program assists eligible individuals purchasing their first home by helping them meet financial costs, closing expenses and associated fees. Qualifying individuals receive 4% of the total purchase or construction price of their home, not to exceed the eligible transaction amount of $375,000, per Public Law 36-29.
“This pandemic has brought many hardships, but our people have found the strength to stay the course and rebuild their lives. The approval of 15 families for this latest batch of first time homeowners assistance grants symbolizes our island’s profound resiliency,” said Governor Leon Guerrero. “Our administration recognizes that our road to recovery has been lined with trials, but it is our unyielding hope that has been our greatest driving force towards prosperity.”
“We are pleased to help more families pursue their dreams and settle into their first homes,” said Lieutenant Governor Tenorio. “With the assistance provided by the Guam Housing Corporation, families in need receive a life changing lift. Buying or constructing your first home can be a challenge, so we are happy to help make their dreams come true.”
To view the presentation in its entirety, visit facebook.com/govlouguam.